Property Overview: 647 Grierson Avenue, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond is defined by its generous, above-average lot size of over 9,000 sqft, which stands out as its most distinctive feature. The house itself, built in 1964, offers 1,200 sqft of living space and a renovated basement, presenting a practical layout. Its assessed value and living area are consistently around the average for its immediate street and neighborhood, indicating a stable, mid-range property without extreme peaks or valleys in its metrics.

The primary appeal lies in the land itself. The lot size ranks in the top 15% on its street and top 11% in Fort Richmond, offering significant outdoor space for gardening, recreation, or future expansion—a rarity compared to city-wide norms. This is coupled with the practicality of a detached garage and updated basement living space. The home’s recent sale history shows steady appreciation, suggesting a solid investment in a mature neighborhood.

This property would best suit a buyer who values private outdoor space over a large or modernized interior. It’s ideal for someone with a vision for landscaping, who might appreciate the potential of the lot, or a household looking for the simplicity of single-level living with the bonus of a finished lower level. It represents a grounded opportunity in a well-established area, not as a luxury showcase, but as a home with one standout feature—the yard—surrounded by otherwise steady, average characteristics.

Section 2: Frequently Asked Questions

1. Is the lot size truly a significant advantage?
Yes. At 9,045 sqft, the lot is substantially larger than most in Winnipeg (ranking in the top 8% city-wide). This provides uncommon space for privacy, outdoor activities, or future projects like a shed, garden, or even an addition, which is not typically found in homes at this price point.

2. How does the home’s age affect its condition and value?
Built in 1964, the home is older than many in Fort Richmond. While the renovated basement shows updates, a prudent buyer should budget for potential maintenance or updates to original components like the roof, windows, or major systems, which is typical for homes of this era.

3. The assessed value seems low. What does this mean?
The assessed value (40.40k) is for municipal tax purposes and is not the market value or listing price. It is a standardized calculation used by the city. The home’s actual market value is better reflected in its recent sold price history, which shows a clear upward trend over the past decade.

4. Who would this home not be ideal for?
It may not suit buyers seeking a move-in-ready, modern open-concept layout, as the main living space is average for the area. It also may not fit those who prioritize a large interior square footage or a brand-new build, as the appeal here is weighted toward the land, not the size or newness of the structure.

5. What is the neighborhood like?
Fort Richmond is a mature, established neighborhood near the University of Manitoba. It offers a mix of residential streets, schools, and local amenities. The specific street data shows the home fits squarely within the averages for the area, suggesting a consistent and stable community character without dramatic outliers.