Property Overview: 38 Newcastle Road, Fort Richmond, Winnipeg

This well-situated one-storey home in Fort Richmond presents a practical and comfortable living opportunity. Built in 1973, it features 1,354 sqft of living space, an attached garage, and a renovated basement. The property sits on a 6,476 sqft lot. Its recent sale in mid-2024 provides clear, current market context for value assessment.

Key Features & Buyer Appeal

The primary appeal of this home lies in its solid, move-in-ready foundation within a mature neighbourhood. The renovated basement adds valuable finished space, increasing its functionality for daily living. While the living area and assessed value are consistently "around average" for its immediate street, wider neighbourhood, and city, this positions it as a stable, predictable offering without premium pricing for size or assessed value.

A standout characteristic is the lot size. While it is below average for Newcastle Road itself, it ranks in the top 23% city-wide, meaning you get more outdoor space than most Winnipeg properties—a valuable asset for gardening, play, or future expansion. Conversely, the home's year built is notable; it's the newest build on its street (top 3%), which may suggest slightly newer core systems or design compared to direct neighbours.

This property would suit first-time buyers or downsizers seeking a manageable single-level layout with modernized touches in a quiet, established area. It’s for the buyer who values a generous city-sized lot and a home that doesn’t require immediate major updates, preferring a straightforward entry into the Fort Richmond community.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
It sold between $415,000 and $445,000 in June 2024. This sale price ranked in the top 16-26% compared to broader area averages at that time, indicating it was a competitively priced, in-demand property.

2. What does the "renovated basement" typically include?
While exact finishes aren't specified, a renovated basement in a home of this era generally means it has been finished into a livable space, potentially including a recreation room, additional bedrooms, or a bathroom, adding to the home's functional square footage.

3. Is the lot size a pro or a con?
It depends on your priorities. The lot is larger than the Winnipeg average, which is a plus for privacy and outdoor use. However, it is smaller than most lots on Newcastle Road itself, so it may have less backyard space than the neighbouring houses.

4. What are the advantages of it being a newer build on the street?
Being built in 1973 makes it the newest home on its block. This could mean construction methods, wiring, or plumbing that are marginally more modern than immediate neighbours, potentially reducing the likelihood of some age-related issues common in older builds.

5. Who provides the exact historical sold price?
The exact sale price is not publicly posted. The listing service (SaveOnHouse) offers to provide the precise figure via email upon request, which they handle manually without using your email for unsolicited marketing.