Property Summary: 1608 Leeds Avenue

Key Characteristics & Buyer Profile

This 1973 home offers 1,608 square feet of living space on a 7,198-square-foot lot in Fort Richmond. The living area is above average for its street, area, and city—ranking in the top 25% citywide. The assessed value of $465,000 also sits above typical benchmarks, reflecting both the home’s size and the desirability of its location. The land area is generous, particularly for Winnipeg as a whole, where it ranks in the top 15%.

The appeal lies in a combination of space and relative value. You’re getting a home with more square footage than most in the neighbourhood, on a lot large enough for gardens, play space, or future additions. The 1973 build means it’s not new, but it’s an era known for solid construction and mature neighbourhoods—trees, established streets, and fewer of the cookie-cutter layouts found in newer developments. This property would suit buyers who prioritize interior space and a sizable yard over a recently renovated kitchen or brand-new mechanicals. It’s a practical fit for families needing room to grow, or for someone willing to invest in cosmetic updates over time while enjoying immediate livable square footage. The street itself (Leeds Avenue) ranks among the top 15% for living area and top 11% for assessed value, suggesting it’s a well-regarded block within Fort Richmond.

Five Possible FAQs

1. How does the assessed value compare to similar homes in the area?
The current assessed value of $465,000 is above the Fort Richmond average of $435,700 and well above the citywide average of $390,100. Within Leeds Avenue specifically, this home ranks in the top 11% for value, meaning it’s on the higher end for the street but not the most expensive property.

2. Is this a newer or older home for the neighbourhood?
At 1973, it’s older than many homes in Fort Richmond (it ranks in the top 33% of the area, meaning about one-third of homes are newer). That said, it’s one of the older homes on Leeds Avenue, where it ranks in the top 2% for age. The street has a mix of eras, so you’re buying into an established, not a brand-new, part of the neighbourhood.

3. What does the land size allow for?
The 7,198-square-foot lot is noticeably generous—top 15% citywide. This gives you room for a substantial backyard, potential for a garage or workshop, or space to add a deck or garden. It’s larger than typical infill lots, so you’re not squeezed in.

4. How does the living space compare to other homes on the market?
The 1,608 square feet is above average for Leeds Avenue (where the average is 1,307 sqft) and Fort Richmond (1,421 sqft). It’s also larger than about three-quarters of homes across Winnipeg. So it’s a good fit if you need more interior space than what’s typical for the price point.

5. What’s the neighbourhood like for everyday living?
Fort Richmond is a well-established, family-oriented area with good schools, parks, and access to transit. Being on Leeds Avenue specifically puts you on a quieter residential street with a mix of housing styles. The lot size and living area suggest this is a home that offers breathing room—both inside and out—without being out in the suburbs.