Property Overview: 40 Tamworth Bay, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This 4-level split home, built in 1965, presents a compelling mix of space, value, and location. With 1,482 sqft of living area, it offers significantly more interior space than most comparable homes on its street and in Fort Richmond. A key feature is its renovated basement, adding functional living space. The home sits on a 5,297 sqft lot, which is modest for the immediate area but aligns with city-wide averages.

Its primary appeal lies in its value proposition. The home’s assessed value is notably lower than many neighbours, potentially offering an entry point into a well-established neighbourhood. This combination of above-average living space and a below-average assessment for the area suggests room for personalization and equity growth. It would suit practical buyers—first-time homeowners, small families, or value-focused investors—who prioritize interior space over a large yard and see potential in a solid, older home that’s already seen some updates.

A less obvious perspective is its standing as the oldest home on the block (ranked 1 of 31 for year built), which can appeal to those who appreciate classic build quality and character. The recent sale in late 2022 also provides a clear, modern price benchmark in a stable market.

Frequently Asked Questions

1. Is the lower assessed value a concern?
Not necessarily. It primarily indicates the home is valued below many neighbours on the same street and in Fort Richmond. This can be an advantage for property taxes and may reflect the home’s older age or a valuation that presents a buying opportunity.

2. What does "renovated basement" typically mean here?
While specifics should be verified, in a home of this era and style, a renovated basement usually means the lower level has been finished into livable space, such as a family room, additional bedroom, or recreational area, adding to the functional square footage.

3. How does the lot size impact the property?
At just under 5,300 sqft, the yard is smaller than most in Fort Richmond. This means lower maintenance, which is a plus for some, but less private outdoor space. It’s a trade-off that prioritizes the interior living area.

4. Who might this home not suit?
Buyers seeking a modern, open-concept layout or extensive outdoor space may find the 4-level split style and modest lot less ideal. It’s also not suited for those requiring a garage, as the property does not have one.

5. How current is the price information?
The detailed sold price range is from October 2022, providing a reliable recent benchmark. For the exact historical sold price, you can request it directly via the provided email service on the original listing page.