Property Overview

This 1987 bi-level home at 952 Summerside Avenue in Fort Richmond presents a practical and value-conscious opportunity. With 914 sqft of living space and a renovated basement, it sits on a 4,322 sqft lot. The home features a detached garage and no pool. Its key appeal lies in its relative modernity for the area and its position as a manageable, updated property within a well-established neighbourhood.

Section 1: Key Characteristics & Appeal

• Key Characteristics: The home is notable for being newer than most in its immediate area and city-wide, built in 1987. It has an above-average assessed value for its specific street, indicating it is well-regarded in its direct peer group. The lot size is generous for the street but is below the larger average lot size typical for the Fort Richmond area. The living space is compact, below the neighbourhood and city averages, emphasizing efficient use of space.
• Where the Appeal Lies: The primary appeal is a move-in-ready baseline with a renovated basement, offering immediate functionality without major initial projects. Its "above average" standing on its own street suggests it is a well-maintained or improved option among similar homes. For buyers, it represents a chance to own a relatively modern structure in a mature neighbourhood, potentially bypassing the maintenance issues of much older homes.
• Ideal Buyer Profile: This property would suit first-time homebuyers or downsizers seeking a low-maintenance, single-family home without a sprawling footprint. It's also a pragmatic fit for investors or hands-on owners who value the renovated basement for rental potential or flexible living space. The buyer is likely value-focused, prioritizing a solid foundation and location over sheer size.

Section 2: Frequently Asked Questions

1. How does the property's size compare to nearby homes?
The living area is compact at 914 sqft, which is below the average for both the Fort Richmond neighbourhood and Winnipeg overall. However, on its own street, it ranks above average among its most direct comparables.

2. What does the assessed value tell us?
At $40,300, the assessment is above average for Summerside Avenue itself, but around the average mark for the wider Fort Richmond area and the city. This suggests the property is in good standing locally but is priced within a very common range broadly.

3. Is the lot size typical for the area?
The 4,322 sqft lot is above average for the immediate street but is considered below average for the Fort Richmond neighbourhood, where lots are generally larger. It is close to the city-wide average.

4. How old is this home relative to others?
Built in 1987, this home is newer than 97% of homes in Fort Richmond and is also newer than 75% of homes across Winnipeg, making it a relatively recent build in a context of older housing stock.

5. Where can I find exact historical sale prices?
Exact sold prices are not publicly displayed. The provided sale range (e.g., $35.5k ~ $38.5k for 11/2021) is based on public data. You can request the precise figures via email from the listing source, which provides them manually without obligation.