Property Overview: 607 Townsend Avenue, Fort Richmond, Winnipeg

Key Characteristics & Buyer Appeal

This 1983 bi-level home at 607 Townsend Avenue presents a specific value proposition centered on its lot and recent updates, rather than its interior size. With 864 sqft of living space, the home is notably compact, ranking below average for the street, neighborhood, and city. Its appeal lies in other factors: a generous 6,493 sqft lot that is above average citywide, a renovated basement, and a detached garage. The 1983 build date is a relative strength, making it a newer home compared to many in Fort Richmond.

Financially, the property's assessed value is modest and around average for its immediate area, suggesting a potentially accessible entry point into the market. The home last sold in 2019 in the $31.5k-$34.5k range. This profile suits practical, value-conscious buyers such as first-time homeowners willing to grow into a space over time, or investors looking for a rental property with a manageable footprint and a desirable lot size for future appreciation. It’s a property where the land and the fundamentals (updated systems, functional layout) are the primary draws, with the understanding that the living space is efficient and may require creative use or future expansion.

Frequently Asked Questions

1. Is the living space too small for a family?
While the 864 sqft main living area is compact, the renovated basement provides additional functional space. It would suit a small family, a couple, or an individual who prioritizes yard space and location over a large interior footprint.

2. How does the assessed value compare to the likely selling price?
The home is currently assessed at $37.7k. It's important to note that assessed value for municipal tax purposes often differs from market value. The last known sale was in 2019, so current market conditions will be the primary driver of price.

3. What are the advantages of a 1983 build date?
Built in 1983, this home is newer than many in Winnipeg and its neighborhood. This can mean updated building standards, potentially fewer major system replacements (like roof or furnace) in the immediate future, and modern wiring and insulation compared to much older stock.

4. What is the significance of the lot size?
At over 6,400 sqft, the lot is a key feature. It offers ample outdoor space for gardening, recreation, or future additions like a deck or shed. For the neighborhood and city, this lot size is a tangible asset that provides privacy and flexibility not always available with newer homes.

5. Where can I find the exact historical sale prices?
The listing service provides estimated sale price ranges from public data. To obtain the precise sale price history, you must request it directly via the email prompt provided on the listing page. This is a manual process they use to verify serious inquiries.