Property Summary: 21 Tulane Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-situated, one-storey home in Fort Richmond, built in 1966. With 1,230 sqft of living space and a 6,593 sqft lot, its size is consistently around the average for its immediate street, neighborhood, and the wider city, representing a solid, middle-ground offering. A key feature is its renovated basement, adding functional living space, and it includes a detached garage. The home’s assessed value is also positioned around the average for the area.

The appeal lies in its established neighborhood setting and practical layout. The lot size is a notable point—while average for the street, it ranks above average city-wide, suggesting a more generous outdoor space than many Winnipeg properties. The 1966 build date is older than most in Fort Richmond but is actually among the newer homes on Tulane Bay itself, indicating a street of character with mature infrastructure. This property would suit a buyer looking for a straightforward, single-level living space with room to grow (thanks to the renovated basement and sizable lot), who values an established community over a brand-new build. It’s a pragmatic choice for first-time homeowners, small families, or downsizers seeking manageable upkeep without sacrificing indoor and outdoor space.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The assessed value of $39,500 is around the average for Tulane Bay and Fort Richmond. Recent sold price data for the area suggests the home is positioned in the mid-range of the market.

2. What does "renovated basement" typically mean here?
While specifics would require a viewing or inquiry, in homes of this era, a renovated basement often means it has been finished into a livable space, such as a family room, office, or additional bedrooms, adding functional square footage to the 1,230 sqft main floor.

3. Is the lot size a significant feature?
Yes. The lot of nearly 6,600 sqft is above the city-wide average. For the neighborhood and street, it’s about average, but it still provides substantial outdoor space for gardening, recreation, or future additions, which is a valuable asset.

4. The home was built in 1966. What should I consider?
While the core structure is nearly 60 years old, it’s worth noting it’s newer than many on its own street. A thorough inspection is advisable to understand the condition of major systems (roof, plumbing, electrical) and to confirm the scope and quality of updates, like the basement renovation.

5. What are the implications of a detached garage?
A detached garage offers flexibility—it can be used purely for vehicle storage or potentially as a workshop or studio space without impacting the main house. The trade-off is convenience, as you’ll need to go outside to access it from the home, which can be a factor in Winnipeg winters.