Property Overview: 79 Kings Drive, Fort Richmond, Winnipeg

Key Characteristics & Buyer Profile

This two-storey home in Fort Richmond presents a distinct profile defined by its spacious interior and generous lot, contrasted with its age and below-average assessed value. With 2,371 sqft of living space, the home is notably larger than most in Winnipeg, ranking in the top 4% city-wide. It sits on an 8,262 sqft lot, which is well above average for both the city and the Fort Richmond area. Its primary appeal lies in this combination of ample indoor and outdoor space, offering room to grow or renovate.

However, the home is the oldest on its street, built in 1934, and features an unrenovated basement. Its assessed value is significantly lower than neighbouring homes on Kings Drive, suggesting it may be a candidate for modernization. This property would best suit a practical buyer looking for space over immediate luxury—perhaps a family seeking a large yard, a renovator with a vision for an older character home, or an investor considering the value potential in the land and square footage relative to its current price point. It’s a home that trades modern finishes for foundational space.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes on the same street?
The assessed value is likely lower due to the home’s age (it’s the oldest on the street), the unrenovated condition of the basement, and potentially other deferred updates. This reflects its current state rather than its potential value after improvements.

2. How does the lot size compare to typical Winnipeg properties?
The lot is 8,262 sqft, which is substantial. It ranks in the top 10% city-wide and is above average for the Fort Richmond area, offering more outdoor space than most urban lots.

3. What should I consider about a home built in 1934?
While offering character and solid construction, key considerations include the condition of major aging systems (like plumbing, electrical, and the foundation), insulation, and the need for updates to meet modern efficiency and safety standards. An inspection is essential.

4. The home sold in 2016 and 2019. What does that recent activity suggest?
The two sales within a few years could indicate previous investor activity, a flip, or simply changing circumstances for the owners. It’s worth investigating what, if any, work was done during those periods of ownership.

5. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated," which typically means it is unfinished or in a basic, utilitarian state. This presents a blank canvas for future development but will not currently provide polished living space.