Property Overview: 47 Briar Cliff Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Fort Richmond presents a solid, grounded opportunity. Built in 1968, it features 1,266 sqft of living space and a renovated basement, anchored by an above-average lot size of over 7,100 sqft. Its assessed value ranks notably high for its immediate street, suggesting the property is perceived as a premium offering within its local context.

The primary appeal lies in its balance and potential. The home doesn't lead in sheer size or newness, but offers a generous, private yard in a mature neighbourhood—a combination that can be harder to find. The renovated basement adds functional living space, making it suitable for a growing family or someone needing a home office or separate living area. It would suit a practical buyer who values established communities, outdoor space, and a home that has seen some updates but may also welcome personalization over time. The data suggests it’s a property that holds its own, particularly on its block, appealing to those looking for a stable investment in a character-filled area rather than a brand-new build.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home last sold in mid-2019 for an estimated range of $325k-$355k. Its current assessed value of $432k indicates a significant increase in municipal valuation since then, which is important to consider in the context of the current market and property taxes.

2. Is the lot size a major advantage?
Yes. The land area is a standout feature, ranking above average for both the street and city-wide. This provides more private outdoor space, potential for gardening, landscaping, or additions, and a greater sense of openness than many comparable properties.

3. What does the "around average" living area mean for daily life?
At 1,266 sqft (plus basement), the living space is typical for homes of this vintage in Winnipeg. It indicates a comfortable size for a family, but not an expansive one. The renovated basement effectively increases the usable square footage, which is a key compensating factor.

4. The home is 58 years old. What should I consider?
While the structure is sound and the basement has been renovated, a home of this age will have core systems (like plumbing, electrical, roof) that are likely original or nearing the end of their service life. A thorough inspection is essential to budget for potential updates, but this vintage also often comes with solid construction and mature landscaping.

5. How does it rank for value on its own street?
This is a less obvious but important point. The home’s assessed value is in the top 20% on Briar Cliff Bay itself, meaning it is considered one of the higher-value properties on the block. This can be a positive indicator of its standing in the immediate micro-market, even if its rankings are more moderate in the wider area.