Property Overview: 752 Pasadena Avenue, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond is a classic 1960s bungalow, presenting a straightforward and practical living opportunity. Its key appeal lies in its balance of space and location. With 1,253 sqft of living area and a renovated basement, it offers functional space that is squarely average for its immediate street and the wider city, suggesting a comfortable size without premium square footage costs.

The property’s most significant asset is its land. At over 7,200 sqft, the lot size is notably larger than the citywide average, offering ample outdoor space for gardening, recreation, or future expansion—a valuable feature that becomes rarer in newer developments. While the home itself is of average assessed value for the area, its 1966 vintage means prospective buyers should budget for updates consistent with a home of this age. The lack of a garage is a consideration for parking and storage.

This home would suit a first-time buyer looking for an entry point into the established Fort Richmond neighbourhood, a downsizer seeking single-level living with a generous yard, or an investor attracted to a standard, rentable floor plan. Its value proposition is grounded in land size and location rather than high-end finishes or modern architecture.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to the neighbourhood?
The home’s assessed value is around average for Fort Richmond. This suggests it is priced in line with the market fundamentals of the area, not as a premium or fixer-upper bargain, but as a standard offering.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or quality. A professional inspection is highly recommended to understand the finish level, confirm it is legally permitted, and check for any moisture issues common in basements of this era.

3. Is the large lot a potential advantage?
Yes. The lot size is well above the Winnipeg average. This provides more private outdoor space than many newer homes and could be a long-term asset for adding a garage, deck, or garden. It’s a less obvious but tangible feature that contributes to the property’s appeal.

4. What are the implications of the home’s age (built 1966)?
While the structure is sound, a home from this period will likely have original or aging components like windows, roof, plumbing, or electrical systems. The renovation history of these major items is a key line of inquiry, as updating them can represent a significant future cost.

5. How does parking work without a garage?
The property has no garage. Buyers should verify the driveway capacity and on-street parking regulations to ensure it meets their needs, especially during Winnipeg winters. Budgeting for the potential addition of a garage or carport could be a future consideration.