Property Overview: 608 Dalhousie Drive, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond, built in 1974, presents a practical and value-oriented opportunity. Its key appeal lies in a combination of generous outdoor space and a recently renovated basement. With a living area of 1,065 sqft, the home itself is modestly sized compared to others on the street and in the neighbourhood, but it is balanced by a significantly larger-than-average lot of 7,438 sqft. This offers valuable potential for gardening, expansion, or simply more private outdoor living—a notable advantage in a mature area. The attached garage and updated basement add functional, modern convenience.

The property’s assessed value ranks well above average for its immediate street, suggesting it is viewed favourably relative to its closest peers. This home would suit first-time buyers or downsizers seeking a manageable single-level layout in a well-established community, with the lot size offering a long-term asset that many newer subdivisions lack. It’s a grounded choice for those who prioritize land over a large interior footprint and appreciate the value of move-in-ready updates like a finished basement.

Section 2: Frequently Asked Questions

1. How does the home's size compare to others in the area?
The living space is somewhat below the average for both Dalhousie Drive and the wider Fort Richmond area. The trade-off is a lot size that is well above average, offering more outdoor space than most comparable properties.

2. What does the "above average" assessed value ranking on the street indicate?
It suggests that, among the 112 comparable homes on Dalhousie Drive, this property’s official assessed value is in the top 21%. This can indicate factors like the renovated basement, lot size, or overall condition are recognized as adding value relative to its immediate neighbours.

3. Is the basement renovation reflected in the living area square footage?
Typically, finished basement space is not included in the official "Living Area" calculation for Manitoba, which generally measures above-grade space. The 1,065 sqft likely refers to the main floor, with the renovated basement providing additional, valuable functional space.

4. The home last sold in early 2017. What might have changed since then?
While the exact sale price is not publicly listed, the assessed value has seen a modest increase since that time. The basement renovation was likely completed after the 2017 sale, representing a key improvement to the property.

5. What is the practical benefit of such a large lot?
Beyond privacy and space for recreation, a larger lot in a mature neighbourhood like Fort Richmond is a scarce commodity. It provides flexibility for future projects like a shed, deck, or garden, and can contribute to stronger property value retention compared to homes on smaller, standard lots.