Property Overview: 77 Linacre Road, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This 4-level split home, built in 1969, sits on a generous 6,818 sqft lot in the established Fort Richmond neighbourhood. With 1,757 sqft of living space, it offers above-average roominess for both the city and the local area. The home features a detached garage and a basement that is present but not renovated, presenting a classic layout with clear potential for personalization.

Its primary appeal lies in its space-to-value proposition. The living area is notably larger than the Winnipeg average, while the assessed value sits around the city-wide median. This suggests you get more square footage for your dollar here compared to many other parts of the city. The lot size is also a significant asset, providing ample outdoor space that is larger than the typical city lot. The home would suit a practical buyer looking for room to grow or spread out in a mature neighbourhood, who is comfortable with a property that may require updates over time. It’s a solid candidate for a long-term home where equity can be built through gradual improvements.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home was last sold in early 2022 for a price range estimated between $415,000 and $445,000. Its current assessed value is $375,000. It’s important to consult a real estate professional to understand current market conditions and how assessment values relate to listing and sale prices.

2. What does "basement not renovated" typically mean for a home of this era?
In a 1969 4-level split, this usually indicates the lower levels retain their original finishes and layout. Buyers should budget for potential updates to flooring, lighting, and possibly bathrooms or kitchens in those spaces. It also represents an opportunity to customize the space to modern needs.

3. Is the living space distributed well across the four levels?
The 4-level split design often creates smaller, defined areas on each level rather than large, open floors. This can be ideal for separating living and sleeping zones or creating a dedicated rec room space, but may not suit those preferring an open-concept main floor.

4. How does this property rank within its own street?
The data shows a interesting contrast: while the living area is around average for Linacre Road, the assessed value is the lowest on the street. This could indicate a difference in condition, finishes, or specific lot characteristics compared to neighbours, warranting a closer look.

5. What is the neighbourhood character of this part of Fort Richmond?
The nearby properties and street names suggest a quiet, residential area with a mix of similar-aged homes. The proximity to streets like Baldry Bay and St. Dunstan's Bay indicates a mature area with likely good access to local parks, schools, and the University of Manitoba campus.