Property Overview: 62 McGill Place, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This 1983-built, four-level split home in Fort Richmond presents a practical and value-conscious opportunity. With 1,188 sqft of living space, it sits around the average for Winnipeg, offering a comfortable footprint without being oversized. Its standout characteristic is its age; built in 1983, it is notably newer than most homes on its street and in the wider neighbourhood, which suggests potentially fewer concerns with outdated major systems compared to older stock.

The appeal lies in its straightforward utility and relative affordability, as indicated by its below-average assessed value for the area. The home features a renovated basement, adding functional living space. It sits on a 5,002 sqft lot, which is smaller than many in Fort Richmond but still provides decent outdoor space. There is no garage or pool, keeping maintenance simpler and costs down.

This property would suit first-time buyers seeking an entry into the market with a home that’s younger than many alternatives, or practical downsizers looking for a manageable layout without the premium of a recently built house. It’s a home for those who prioritize function and value over premium finishes or expansive lots, set in a mature, established neighbourhood.

Section 2: Frequently Asked Questions

1. Why is the assessed value notably lower than area averages?
While the assessed value is below average for its immediate street and Fort Richmond, it is around the citywide average. This can sometimes reflect the home’s specific characteristics (like the lack of a garage or a smaller lot size) within a neighbourhood that may have larger, more updated, or differently configured homes.

2. What are the pros and cons of a four-level split layout?
This style offers natural separation of living spaces, which can be great for families seeking defined zones or for creating a potential private space in the basement. A consideration is that it involves more stairs between living areas, which may not suit everyone.

3. The home is newer than most in the area. What does that mean for me?
A 1983 build date is a significant advantage, suggesting key components like wiring, plumbing, and insulation may be more modern than in homes built in the 1960s or 70s. It potentially reduces the immediate need for major system updates, though a thorough inspection is always recommended.

4. How does the smaller lot size impact the property?
At just over 5,000 sqft, the yard is manageable with less maintenance than a larger lot, which can be a benefit. However, it may offer less privacy or space for extensive landscaping, additions, or outdoor structures compared to neighbouring properties.

5. Where can I find the exact historical sold price?
The detailed listing provides estimated sold price ranges. To obtain the precise sale history, you can use the “Get exact sold price history” feature on the property page, which involves a manual process by the site administrators.