Property Overview: 43 St. Dunstan's Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fort Richmond presents a compelling blend of space and established neighbourhood charm. Its key strength lies in its generous proportions, both indoors and out. With 1,599 sqft of living area, the home is larger than most comparable properties in its immediate area, city-wide, and across Winnipeg. This is complemented by a notably large lot of 8,666 sqft, placing it in the top 12% of Fort Richmond for land size. The home features a renovated basement and an attached garage.

The appeal here is grounded in value derived from space and location. Built in 1969, the home is part of a mature, settled community. The significant lot size offers rare potential for outdoor living, gardening, or future expansion—a feature increasingly difficult to find in newer subdivisions. Its above-average assessed value relative to peers suggests it is a well-regarded property on its street.

This property would suit a buyer looking for established neighbourhood character with room to grow. It’s ideal for a family that values private outdoor space over a brand-new build, or for someone who sees the potential in a solid home on a large lot. It may also appeal to a value-conscious buyer who prioritizes more square footage and land over a recently constructed home.

Section 2: Frequently Asked Questions

1. How does the home’s size compare practically?
At 1,599 sqft, the living space is comfortably above the average for the street, neighbourhood, and city. This suggests more room for family living, home offices, or hobbies compared to many other options in the market.

2. What does the large lot size mean for me?
The lot of 8,666 sqft is a significant asset. It offers ample backyard privacy, space for children or pets to play, gardening opportunities, and future potential for additions like a deck, shed, or even an extension, subject to local bylaws.

3. The home was built in 1969. What should I consider?
While the systems and structure are from an era of solid construction, a thorough inspection is key. Focus on the condition of major components like the roof, windows, plumbing, and electrical, which may be nearing or past their typical lifespan. The renovated basement is a positive update.

4. The assessed value seems high relative to past sale prices. Why?
The current assessed value of $463,000 is above average for the area. This can reflect recent market trends, specific improvements to the home, or its desirable lot size. It's important to note that assessed value is for tax purposes; a professional appraisal or market analysis will determine its current market value.

5. What is the neighbourhood like?
Fort Richmond is a mature, well-established neighbourhood near the University of Manitoba. It typically offers a mix of families, academics, and long-term residents, with good access to parks, schools, and amenities. The specific street, St. Dunstan's Bay, appears to consist of homes of similar vintage and value.