Property Overview: 16 Wedgewood Drive
Key Characteristics, Appeal & Ideal Buyer
This well-situated one-storey home in Winnipeg's Agassiz neighbourhood sits on a generous 7,195 sqft lot, offering ample outdoor space that ranks highly for its street and area. Built in 1961, the 1,715 sqft living area is notably spacious compared to most homes on the street and in the wider community. A key modern update is the renovated basement, adding valuable finished living space, while a detached garage provides flexible storage or workshop potential.
The home’s primary appeal lies in its established setting and scale. It offers the roominess and lot size that can be harder to find in newer subdivisions, all within a mature neighbourhood. The recent basement renovation suggests it has been cared for with modern living in mind. From a value perspective, its current assessed value sits well above its last sale price from 2017, indicating significant appreciation and a solid investment in a desirable area.
This property would suit buyers looking for a move-in-ready home with room to grow outdoors, without the footprint of a two-storey. It’s ideal for those who appreciate the character and space of an older home but want the benefits of key updates. It could also appeal to downsizers seeking single-level living without compromising on interior and exterior space.
Frequently Asked Questions
1. How does the home’s age affect its condition and costs?
While built in 1961, the renovated basement is a significant update. Buyers should still consider a thorough inspection to understand the condition of core systems (like plumbing, electrical, and the roof) common to homes of this era, and budget for their maintenance.
2. What do the ranking percentages next to the features mean?
These metrics compare this property to others on its street, in Agassiz, and across Winnipeg. For example, the living area being in the "Top 9%" on its street means it is larger than 91% of its immediate neighbours, highlighting its above-average size in a direct comparison.
3. The assessed value is $470k, but what was it last sold for?
The home last sold in March 2017 for $337,800. The increase to the current assessed value of $470k reflects market appreciation over seven years and the value added by renovations.
4. Is the detached garage a pro or a con?
This depends on preference. A detached garage offers flexibility (e.g., as a workshop) and can reduce noise in the house. However, it is less convenient for daily parking in Winnipeg winters compared to an attached garage.
5. The lot is large, but how is the neighbourhood for families?
The lot size is a major asset. As an established neighbourhood, Agassiz typically offers mature trees, settled streetscapes, and proximity to community amenities. Researching local schools, parks, and traffic patterns would provide a complete picture for family living.