Property Overview: 75 Magdalene Bay, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, one-storey home built in 1972, offering a practical and comfortable living space in the established Fort Richmond neighborhood. With 1,080 sqft of living area and a recently renovated basement, it provides functional, single-level living. The detached garage and a generous 6,046 sqft lot offer valuable space and flexibility for parking, storage, or outdoor projects.

Its primary appeal lies in its solid, middle-of-the-road positioning. The home isn't the largest or most expensive on its street or in the city, but it consistently ranks around or above average for its immediate peers in key metrics like living area, assessed value, and lot size. This suggests a property that represents a stable, known quantity without extreme premiums or compromises. A thoughtful perspective is that its lot size is notably larger than the city-wide average, offering a relative abundance of outdoor space that is less common in newer developments.

This home would suit first-time buyers seeking a move-in-ready, manageable property without a massive footprint, or downsizers looking for single-level convenience in a quiet, mature neighborhood. It’s for buyers who value practicality, a decent-sized yard, and the stability of an established community over brand-new construction or luxury finishes.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value is around average for Magdalene Bay itself but is below the average for the broader Fort Richmond area. This can indicate a potentially more accessible entry point into the neighborhood.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specific details on the finish, rooms, or permits should be verified with the seller or listing agent to understand the full scope and quality of the work.

3. Is the lot size a significant feature?
Yes. While the lot is slightly below average for Fort Richmond, it ranks in the top 30% city-wide. This means you get more outdoor space than is typical across Winnipeg, which is a valuable asset for gardening, recreation, or future expansion.

4. What is the typical price history for this home?
Public data shows it last sold in July 2023 for an estimated range of $365,000 to $395,000. For the exact historical sold price, you can request the information directly via the provided email service on the listing page.

5. Who might this home not suit?
Buyers seeking a very modern, open-concept layout or a brand-new home may find the 1972 build and standard floor plan less appealing. Additionally, those prioritizing a massive indoor living space or an in-ground pool should note the square footage is modest and the property has no pool.