Property Overview: 209 Dalhousie Drive, Fort Richmond

Section 1: Key Characteristics & Appeal

This two-storey home in Fort Richmond is a practical, no-frills property built in 1968. With 1,155 sqft of living space, its size is fairly typical for the immediate street and city overall. A key feature is its renovated basement, adding functional living area. The lot is modest at 3,372 sqft, which is smaller than many in the neighbourhood but can mean less yard maintenance.

The primary appeal lies in its value positioning. The home’s assessed value is notably lower than most comparable properties on its street, in Fort Richmond, and across Winnipeg. This suggests a potentially accessible entry point into the market. Its recent sale history shows it traded in the low $200k range in 2017, further indicating its role as a more affordable option. The home would suit first-time buyers, investors, or downsizers seeking a straightforward, lower-maintenance property in a well-established area without a premium price tag. Its smaller lot and below-average assessments for the area highlight it as a utilitarian choice rather than a premium one, ideal for those prioritizing function and location over size or prestige.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is significantly below the average for Dalhousie Drive and Fort Richmond. This typically reflects the home’s smaller lot size, its age relative to some neighbours, and the overall market valuation of its specific characteristics. It’s a central factor in the property’s value proposition.

2. What does having a “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope or quality. Buyers should inquire about the permits, finish quality, moisture control, and the exact nature of the renovation to understand what “renovated” means in this context.

3. Is the lack of a garage a significant drawback?
The property has no garage, which is common for many older homes. For some buyers, this aligns with a desire for less maintenance. However, it’s important to consider street parking availability and the practicality of driveway or alternative storage solutions for vehicles and belongings.

4. How does the smaller lot size impact living here?
The 3,372 sqft lot is below average for the area. This limits expansive outdoor space but reduces yard work. The sense of privacy and space between you and neighbouring houses will be different than on larger lots in the same neighbourhood.

5. The home sold in 2017; what does that history tell us?
It last sold in April 2017 for an amount between $215,000 and $245,000. This provides a historical price anchor and shows it has functioned as an entry-level property in the recent past. Understanding how prices have changed in the area since then will be key to evaluating its current market value.