Property Overview: 7 Temple Bay, Fort Richmond

Key Characteristics & Appeal

This is a well-maintained, one-storey home built in 1965, situated on a quiet street in the established Fort Richmond neighbourhood. With 1,102 sqft of living space and a renovated basement, it offers functional, single-level living. The home’s assessed value is notably strong for its immediate street, ranking above average among its closest neighbours, which suggests it is in good condition relative to nearby properties.

Its primary appeal lies in its balance of affordability and stability within a mature community. The lot, while smaller than many on the street, is still a good size city-wide, offering manageable outdoor space. A detached garage provides flexibility for parking or storage. This property would suit first-time buyers seeking an entry point into a desirable area, downsizers looking for a manageable single-level layout, or practical investors interested in a home with solid fundamentals and a renovated basement suite potential (subject to verification).

A less obvious perspective is that a home with an above-average assessment on a street where living areas tend to be larger can indicate quality updates or desirable features not fully captured by square footage alone. Its city-wide averages across key metrics suggest it’s a very typical Winnipeg home, offering a straightforward investment without extreme outliers in size or value.

Frequently Asked Questions

1. Is the basement suite legal?
The listing notes the basement is renovated, but it does not specify if it is a legal, permitted suite. This is a critical point to verify with the seller and the city for compliance, insurance, and financing.

2. Why is the assessed value higher than many neighbours?
The data shows the home’s assessed value ranks in the top 24% on its street. This often reflects recent renovations, superior upkeep, or favourable lot attributes compared to immediate neighbours, but the exact reasons should be explored.

3. How does the smaller lot size impact the property?
While the lot is the smallest on Temple Bay, it is close to the Winnipeg average. This means lower maintenance, but it may limit expansion possibilities or feel compact compared to other homes on the block.

4. What are the typical utility costs for a home of this age?
Built in 1965, the original building envelope and systems will influence efficiency. Asking for recent utility bills is recommended to gauge average monthly costs for heating, cooling, and electricity.

5. Are the sold prices shown the exact selling figures?
No. The sold price history provided is a range based on public data. To obtain the exact historical sold price, you must request it directly via the provided email service for verification.