Property Overview: 612 Townsend Avenue, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This one-storey home in Fort Richmond presents a practical opportunity in a well-established neighborhood. Built in 1964, its 1,215 sqft living area is notably above average for Townsend Avenue itself, offering more interior space than many direct neighbors. A key feature is the renovated basement, adding immediate functional living space without the need for a project. The lot, while smaller than others on the street, is still a generous 6,472 sqft and is actually above average in size when compared citywide, offering good outdoor potential.

The appeal lies in its move-in readiness with the basement update, combined with the space and lot size advantages it holds within its immediate locale. It suits first-time buyers or downsizers looking for a manageable single-level layout in a mature area, and value-conscious buyers who appreciate a home that stands out favorably on its own block in terms of living space. A thoughtful perspective is that its assessed value is below the Fort Richmond area average, which could indicate a relative value opportunity within the community, especially when paired with the above-average living space for the street.

Frequently Asked Questions

1. How does the property’s size compare to the area?
The home's living area is above average for Townsend Avenue itself, offering more interior space than most on the same street. Compared to the wider Fort Richmond area and Winnipeg overall, it is very close to the average size.

2. What is the significance of the renovated basement?
It indicates that a major area of the home has been updated, providing finished living space without immediate renovation costs or effort for the new owner.

3. Is the lot size a disadvantage?
While the lot is below the average size for Townsend Avenue, it remains a substantial property. In fact, it is larger than the typical Winnipeg lot, suggesting good outdoor space by city standards, just not the largest on its specific block.

4. What does the sold price history tell us?
The home sold in early 2019 for a price range between $29.5k and $32.5k. This historical data provides a benchmark, but current market value will depend on present conditions, updates, and recent comparable sales.

5. Who would this home be a good fit for?
It is well-suited for buyers seeking a single-level home in a mature neighborhood, particularly those who value having more interior space than the immediate neighbors. The renovated basement also makes it a practical choice for those wanting move-in readiness without a large-scale project.