Property Overview: 1 Wedgewood Drive, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a well-maintained, renovated one-storey bungalow on a generous 6,596 sqft lot in the Agassiz neighbourhood. Built in 1963, its key update is a finished basement, adding valuable living space to the 1,309 sqft main floor. The home features an attached garage and sits on a quiet, established street.
Its primary appeal lies in offering solid, move-in-ready fundamentals with ample outdoor space—a combination that can be hard to find. The renovated basement significantly boosts its functional square footage, making it ideal for a growing family, a work-from-home professional needing a separate office, or multi-generational living. The lot size is a standout feature, ranking in the top 17% on its street, providing excellent room for gardening, play, or future expansion.
This property suits practical buyers looking for a comfortable, low-maintenance home in a mature community. It’s particularly well-matched for first-time buyers or downsizers who want single-level living but don’t want to compromise on yard size. The recent sale history suggests a stable and competitive local market.
Frequently Asked Questions
1. How does the age of the home affect maintenance?
While the basement has been renovated, a home from the 1960s will have original core components, like the roof, windows, and major systems. Prospective buyers should budget for updates to these elements, though the recent renovation mitigates some immediate concerns.
2. Is the lot size typical for the area?
No, it’s larger than average. At nearly 6,600 sqft, the lot is significantly bigger than many in Winnipeg (ranking in the top 21% city-wide), which is a key advantage for privacy, outdoor activities, or future projects like a deck or addition.
3. What does the neighbourhood ranking data mean?
The rankings compare this property to others on its street, in Agassiz, and across Winnipeg. For example, it ranks highly for lot size but lower for the building’s age. This indicates you’re getting a larger property in an established, mature setting rather than a newer home on a smaller plot.
4. Has the property’s value been stable?
The home sold recently for $444.5k, which is very close to its current assessed value of $45.9k (note: assessed value is typically for tax purposes and quoted in thousands). The tight alignment suggests the market price is in line with municipal valuation, indicating stability.
5. Who might this home not suit?
It may not suit buyers seeking a brand-new, open-concept layout without any future projects, or those who prioritize being in a newer suburban development. The charm here is in its established setting and generous lot, not modern architectural design.