Property Overview: 67 Killarney Avenue, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This is a modest, one-storey home built in 1954, presenting a straightforward opportunity in Winnipeg's Fort Richmond neighbourhood. Its primary appeal lies in its substantial, above-average land size of nearly 9,500 sqft—a significant lot that ranks within the top 10% of the local area. This offers rare potential for expansion, gardening, or outdoor space uncommon for the city. The living space (1,233 sqft) and assessed value are both around the city-wide average, positioning it as an affordable entry point. The home features a renovated basement, adding functional space.

The property suits practical buyers looking for value in land over a turn-key home. It’s ideal for a first-time purchaser comfortable with a home of this vintage, or an investor/owner who sees long-term value in the lot itself. Its below-average assessed value for the street and neighbourhood suggests a lower tax burden, which is a subtle financial benefit. The appeal is grounded in utility and potential rather than immediate luxury, offering a canvas for personalization or future investment.

Frequently Asked Questions

1. What does the assessed value tell me about the property?
The assessed value is below average for both the street and Fort Richmond, but around average city-wide. This typically indicates a lower property tax bill compared to many neighbours, but also suggests the house itself, not the land, may be valued modestly due to its age and condition.

2. How significant is the large lot size?
Very. The lot is notably larger than most in Winnipeg (top 7% city-wide). This is the home's standout feature, providing privacy, space for additions like a garage or suite (subject to zoning), or simply a generous yard—a rarity that can drive future value.

3. The home was last sold in 2018. What should I consider?
The sold price range from 2018 is a historical marker, but market conditions have likely changed. It’s most useful for understanding the owner’s purchase timeline, not current value. A key consideration is what updates or maintenance have been addressed in the last 6+ years.

4. What are the implications of the 1954 build year?
As one of the older homes on the street and in the area, it may require more attention to foundational, electrical, or plumbing systems. However, older homes in established neighbourhoods often come with mature trees and settled, character-filled streetscapes.

5. There's no garage. How big of a drawback is this?
For some buyers, this is a significant convenience factor. However, the large lot provides ample space to build a garage or carport, potentially adding value. Street parking is likely the immediate solution, which is common in many Winnipeg neighbourhoods.