Property Summary: 86 Thornhill Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fort Richmond is a practical and well-situated property. Its key characteristic is balance: it offers a functional 1,408 sqft of living space on a decent 5,937 sqft lot, with the added benefit of a renovated basement. Built in 1977, it is notably newer than most homes on its street and in the wider area, which can be appealing for those concerned with the potential upkeep of older construction.

The appeal lies in its established, quiet neighbourhood and its position as a solid, middle-ground option. The detached garage and updated basement add functional value. It would suit first-time homebuyers or downsizers looking for a manageable property without major immediate projects, as well as investors attracted by the below-average assessed value for the street, which may indicate a favourable entry point. A less obvious perspective is that while the lot size is below average for Fort Richmond, the home's newer vintage compared to its neighbours could mean core components (like wiring or plumbing) have seen less wear, offering a different kind of value beyond square footage.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $39.9k is for municipal tax purposes. The actual market value and selling price are determined by recent sales of comparable homes, buyer demand, and the property's condition.

2. What does "renovated basement" typically mean for a home of this age?
While specifics should be verified by a viewing and inspection, in a 1977 home this often indicates updated finishes (like flooring and drywall) and possibly improved livability. It's important to check the quality of the renovation, if permits were pulled, and that any moisture issues were properly addressed.

3. The home is newer than others on the street. What are the pros and cons of that?
A pro is that major systems may be relatively younger. A potential con is that the architectural style or layout might differ from the original builds on the street, which some buyers may or may not prefer.

4. How does the below-average lot size impact the property?
The lot is smaller than many in Fort Richmond but is still a good size for a family home with a backyard. It may mean less exterior maintenance but could also offer less privacy or space for large additions compared to neighbours.

5. Where can I find the exact historical sold prices for this home?
The exact sold prices are not published in the public listing data. As noted on the detail page, you can request this information directly from the site by providing your email address; they provide the exact figures manually without using your email for marketing.