Overview & Ideal Buyer

This is a 1,317-square-foot home built in 1971, sitting on a lot of 6,592 square feet. Its tax-assessed value is around $423,000. The property ranks well for its lot size citywide, and above average in age compared to others on the same street, which suggests it may have been built slightly later than earlier development phases in Wadham Bay.

The appeal here is a balance of size and land. While the living area is modest compared to newer builds in Fort Richmond, the lot gives breathing room that many homes in denser parts of the city lack. The assessment is within a reasonable range for the area, which could mean property taxes are fairly predictable. This home would suit buyers who want a solid, unrenovated or lightly updated house in a well-established neighbourhood, and who value outdoor space over square footage. It’s less suited to someone seeking a turnkey, contemporary interior or a small, low-maintenance yard.

Frequently Asked Questions

1. How does this property compare to others on the same street?
On Wadham Bay, this home is in the top third for both living area and assessed value. Its year built is also above average for the street, meaning it’s slightly newer than many of its immediate neighbours.

2. Is the living area considered small for the area?
Not particularly. It’s a bit below the Fort Richmond average of about 1,421 square feet, but still within a common range for older, well-established subdivisions. The lot size is what stands out here—it’s above average for the city, though slightly below the median for Wadham Bay itself.

3. What does the tax assessment tell me about condition?
Assessed value is based on market data and physical characteristics, not a home inspection. A value around $423,000 suggests the property is in line with typical homes in the area, but it doesn’t confirm renovations or deferred maintenance. You’ll want a professional inspection to assess condition.

4. Why does the lot rank better citywide than on its own street?
Because Wadham Bay has many larger lots relative to the city as a whole. In this specific cluster of 39 homes, the lot is in the bottom third, meaning neighbours tend to have more land. But across all of Winnipeg, this lot size puts the property in the top 20 percent—so it’s a generous yard by broader standards.

5. Would this home be a good candidate for renovation?
Possibly. The 1971 build date and moderate living area mean there’s likely potential to open up the floor plan or add space, especially if the lot allows for an addition. Just keep in mind that the street’s rankings show a mix of older and newer homes, so any major upgrades should be weighed against what the immediate area can support in resale value.