Property Overview: 22 Wedgewood Drive
Key Characteristics & Appeal
This well-situated one-storey home in Winnipeg's Agassiz neighbourhood sits on a large, approximately 8,555 sqft lot, placing it in the top tier for land size both on its street and citywide. The home itself, built in 1960, offers 1,442 sqft of living space and features a renovated basement and a detached garage. Its core appeal lies in a combination of space, established location, and recent updates.
The property's standout characteristic is its generous lot, offering significant outdoor space and potential in a city where larger plots are increasingly rare. The renovated basement adds immediate functional living area. While the house is of an older vintage, its recent sale history and current assessed value suggest it has been a solid, maintained property in a desirable area. This home would particularly suit buyers looking for a ground-level living layout on a private, sizable lot, who appreciate the character of an established neighbourhood and have the vision to update the interior over time. It’s a property where the land is a primary asset, offering room to grow, garden, or simply enjoy more privacy than newer subdivisions typically allow.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is exceptionally large, ranking in the top 9% in Winnipeg and top 13% on its street. At 8,555 sqft, it offers substantially more outdoor space than many modern lots.
2. What is the significance of the recent sale history?
The home sold for $300k in March 2021 and then $475k in December 2021. This rapid appreciation likely reflects a significant renovation or market conditions at that time. The current assessed value is notably lower, so consulting a real estate professional for a current market evaluation is essential.
3. Is the older build year a concern?
Built in 1960, the home is older than most in Winnipeg (ranking in the top 62% for age). While it has a renovated basement, buyers should budget for potential updates to major systems (like roof, plumbing, electrical) and the main living areas, which is common for homes of this era.
4. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home without any projects, or those who prefer a brand-new neighbourhood aesthetic. The one-storey layout with basement also means all main living is on a single floor.
5. What do the "rank" percentages mean?
These metrics compare this property to others on its street, in Agassiz, and across Winnipeg. For example, a "Top 87%" rank for lot size on its street means only 13% of homes on Wedgewood Drive have a larger lot. They are useful for understanding how specific features stack up locally.