Property Overview

This one-storey home at 913 Carrigan Place in Fort Richmond presents a straightforward, entry-level opportunity in the Winnipeg market. Its key appeal lies in its relative newness for the area, having been built in 1985, which makes it notably younger than most surrounding homes. The property features a modest 820 sqft living area, an unrenovated basement, and a detached garage on a standard city lot.

The home would suit first-time buyers, investors, or downsizers seeking an affordable foothold in a established neighbourhood without the concerns of an aging structure. Its below-average size and assessed value signal a lower barrier to entry, while its above-average year of build suggests potentially fewer immediate major repairs compared to older stock. The appeal is practical: it’s a simpler, newer home in a context where that is rare, offering a blank canvas for future updates.

Frequently Asked Questions

1. Is the low assessed value a concern?
Not necessarily. The assessed value is around average for its immediate street and city-wide, but is below average for the broader Fort Richmond area. This typically reflects the home's smaller size and unrenovated condition rather than a problem with the property itself.

2. What does the "newer" build year mean for maintenance?
While built in 1985, it's still a 40-year-old home and will require upkeep. The advantage is that it likely avoids some of the systemic issues common in much older Winnipeg homes, such as antiquated plumbing or wiring, but major components like the roof and furnace may be nearing the end of their lifespan.

3. How does the living space compare?
At 820 sqft, the living area is compact and below average for the neighbourhood and city. This emphasizes efficient use of space and likely lower utility costs, but means storage and room for growth are limited.

4. What is the potential here for an investor or buyer willing to renovate?
The unrenovated basement and overall condition present a clear value-add opportunity. A buyer could modernize and potentially develop the basement to increase liveable space, with the benefit of starting with a relatively newer structural shell.

5. How stable is the value on this street?
The sold price history from 2016 and the current assessed value being in line with street averages suggest a stable, modest value trend. It’s not a hyper-appreciating asset, but represents a grounded, affordable option in the area.