Property Overview: 17 April Street, Fort Richmond, Winnipeg

Key Characteristics & Buyer Appeal

This property on April Street in Fort Richmond presents a unique profile defined by its value proposition and lot size. Its most striking characteristic is its exceptionally low assessed value of $20,200, which ranks it in the bottom tier compared to both the immediate street and the wider Fort Richmond area. This positions it as one of the most accessible entry points into the Winnipeg market, likely appealing to investors, first-time buyers seeking a footprint in the city, or those with renovation plans. The appeal lies in the potential opportunity this value represents, rather than in current finishes or size, as living area data is not specified.

A notable positive is the land area of approximately 5,495 sqft, which is above the Winnipeg city-wide average. This suggests a generously sized lot for the neighborhood, offering space for gardening, expansion, or outdoor living—a valuable asset not immediately apparent from the value metrics. The home was last sold in August 2022. This property would suit a very specific buyer: a budget-conscious purchaser or investor comfortable with a project, who values land size over current structure condition or size, and who is making a strategic play based on lot potential and market entry price.

Frequently Asked Questions

1. Why is the assessed value so much lower than area averages?
The assessed value is significantly below averages for the street, area, and city. This typically indicates a property that may be smaller, older, in need of significant updates, or a combination of these factors. It’s essential to view the property in person to understand its specific condition.

2. What does the above-average lot size mean for me?
With a lot size of 5,495 sqft, you have more land than the typical Winnipeg property. This provides valuable flexibility for adding a deck, garden, storage shed, or even future expansions, subject to local zoning bylaws.

3. Who would this property be best for?
It’s best suited for investors looking for a low-cost entry, first-time buyers with renovation skills or budgets, or buyers who prioritize securing a larger lot in a established neighborhood over move-in-ready condition.

4. How can I find out the exact past sale price?
The listing service provides estimated sold price ranges from public data. To get the precise historical sale price, you must request it via email through their provided button. They manually provide this detail without using your email for marketing.

5. The rankings show "7 of 6" on the street. What does that mean?
This indicates that there are only 6 comparable properties used for the ranking calculation on April Street, and this property’s metric (like value or land area) falls outside that peer group, hence the rank of 7. It visually emphasizes that the property is an outlier compared to its immediate neighbors.