Section 1: Property Overview

This one-storey home at 46 Leeds Avenue in Fort Richmond is a practical, no-frills property built in 1972. Its key characteristic is its value positioning. With a living area of 1,090 sqft, it is notably more compact than many homes on its own street and in the immediate area, though it sits on a generous city-wide lot size of nearly 7,000 sqft. A renovated basement adds functional living space. The home lacks a garage or pool.

Its primary appeal lies in its affordability and lower property tax burden, as indicated by its well-below-average assessed value for the neighbourhood. This presents an accessible entry point into the established Fort Richmond community, close to the University of Manitoba and major transit routes. The renovated basement and larger lot offer potential for future expansion or outdoor enjoyment.

This property would best suit first-time buyers or investors seeking a lower-cost foothold in a desirable area, or downsizers looking for a manageable single-level layout without a premium price tag. It’s a home for those who prioritize location and lot size over immediate square footage, and who see potential in a property that is priced below its surrounding market.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on factors like the home's size, age, and features. Being significantly smaller in living area than many neighbours directly contributes to a lower assessment, which typically results in lower annual property taxes.

2. What does "renovated basement" mean?
While specific finishes aren't detailed, it indicates the basement has been updated to be a functional living space. It's advisable to confirm the quality, permits, and the exact nature of the renovation (e.g., finished rec room, separate suite) during a viewing or inspection.

3. Is the lack of a garage a major drawback?
This depends on your needs. The large lot provides ample space for driveway parking and potential future garage construction. For buyers who don't require sheltered vehicle storage, this trade-off contributes to the home's affordability.

4. How does the home's size affect daily living?
At 1,090 sqft (plus basement), the main floor living space is efficient. It likely accommodates a smaller number of bedrooms and living areas comfortably. The layout's functionality for your household should be a key consideration during a walk-through.

5. The sold price history shows a range. What is the exact price?
The exact sold prices are not publicly displayed in detail. You can request the precise figures by emailing the provided service; they manually provide this data without using your email for marketing.