Property Overview & Key Characteristics
This two-storey home on a large, 7,696 sqft lot in Agassiz presents a compelling mix of space, established character, and strong neighbourhood standing. Its primary appeal lies in its exceptionally generous living area of 3,693 sqft, which ranks in the top 1% on its street and top 2% in the wider neighbourhood. The home features a renovated basement, adding to its functional space. Built in 1967, it is notably newer than many surrounding properties, ranking in the top 10% on its street for year built.
The property’s assessed value of $780k places it in the top 2% of homes in Winnipeg, indicating its perceived market position. A key, less obvious perspective is the significant value increase since its last sale in late 2020 for $390k, suggesting substantial improvement, market shift, or both. This home would best suit buyers looking for established, spacious family living in a mature area, who value above-average interior square footage and a large lot over a newer build or attached garage. It’s for those who see potential in a home that has already undergone some updates and sits well above the median in its immediate community.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality, layout, and whether it includes legal secondary suite potential.
2. There's no garage listed. Is there alternative parking?
The listing shows no garage. Given the large lot size, prospective buyers should investigate if there is a driveway, carport, or potential to add a garage, as on-street parking may be the only immediate option.
3. The assessed value has doubled since the 2020 sale. Why?
Such a significant increase can be due to major renovations, a substantial market-wide appreciation in the area, or a combination. Reviewing the renovation details and comparable recent sales would be essential to understand the current valuation.
4. How does the lack of a pool or garage affect value in this area?
For this specific property, its appeal is heavily weighted toward immense living space and lot size. In mature neighbourhoods like Agassiz, these features often outweigh the absence of a pool or garage for many buyers, as evidenced by its high assessed value ranking.
5. The home is older. What should I consider regarding maintenance?
While newer than many neighbours, a 1967 home will have aging core components. A thorough inspection should focus on the roof, original windows, plumbing, electrical systems, and the foundation, alongside the quality of the basement renovation.