Property Overview: 59 Celtic Bay, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This 3-level split home, built in 1965, presents a compelling opportunity defined by its generous lot and solid positioning within its community. Its primary standout feature is the exceptionally large lot of over 11,000 sq ft, which ranks in the top 4% citywide. This offers rare potential for expansion, gardening, or private outdoor space that is hard to find in the city. The home itself, with 1,287 sq ft of living space and a renovated basement, is above average for its immediate street. While the structure is of a classic Winnipeg vintage, its assessed value of $400k aligns with the neighbourhood norm, suggesting a fairly valued entry point.

The appeal lies in a balance of space and location. It suits a buyer who values land over sheer interior size—someone looking for a established neighbourhood like Fort Richmond but with room to grow, entertain, or customize outdoors. It would also fit a practical buyer who appreciates a home that is competitively sized on its street and has seen updates like a basement renovation, but isn’t seeking a modern, turn-key property. A less obvious perspective is that homes from this era on large lots often represent future redevelopment potential, making it a candidate for buyers with long-term vision, whether for their own future expansion or as a strategic hold.

Frequently Asked Questions

1. How does the large lot impact property taxes or maintenance?
While the lot size is a major asset, it can lead to slightly higher property taxes compared to homes with standard lots in the area. Buyers should also budget for the upkeep of a larger yard, including landscaping, lawn care, and snow removal.

2. What does "above average for the street" mean for living space and value?
The home ranks 8th of 33 on Celtic Bay for living area and 9th for assessed value. This indicates it is one of the larger and more valuable homes on its own block, which can be a positive for relative value and neighbourhood standing.

3. Are there any concerns with a home built in 1965?
As with any home of this age, a thorough inspection is essential. Key systems like plumbing, electrical, the roof, and the foundation should be carefully evaluated. The renovated basement is a plus, but understanding the scope and quality of that renovation is important.

4. The last recorded sale was in 2019. Why is the exact price not listed?
For privacy and data accuracy reasons, the exact sale price from 2019 is not part of the public record. The provided range is based on available market data, and the exact figure can be requested directly from the listing service.

5. What is the significance of the detached garage?
A detached garage is typical for homes of this style and period. It offers useful storage or workshop space. Buyers should consider its condition, the walk to the house in winter, and whether it meets their needs for vehicle storage and additional space.