Property Overview & Key Characteristics
This two-storey home in Assiniboia Downs stands out for its exceptional scale and established value. Built in 2011, it offers modern construction within a mature neighbourhood. The key appeal lies in its substantial proportions: a 3,584 sqft living area on a massive 20,024 sqft lot, placing it in the top tier of Winnipeg for size. The home features an attached garage and a renovated basement. Its most recent sale was in March 2023 for $1,650,000, which, along with its assessed value, ranks it in the top 1% of the city. This isn't just a large house; it's a property with rare dimensions that offers privacy and space for expansion or outdoor amenities rarely found in the city.
The property would ideally suit buyers seeking a premium, low-maintenance family home without sacrificing land. It appeals to those who want the roominess of an acreage-style lot but within city limits and a established community. It's also a strong fit for multigenerational families or those who value entertaining space, given the renovated basement and expansive grounds. A less obvious perspective is its appeal to value-conscious luxury buyers—the home offers top-tier square footage and lot size without the premium price tag of older, heritage-focused luxury neighbourhoods, representing significant value per square foot.
Frequently Asked Questions
1. How does the lot size compare to a typical property?
The lot is approximately half an acre (20,024 sqft), which is exceptionally large for Winnipeg. It ranks in the top 1% of the city, offering a rare level of outdoor privacy and potential.
2. The home sold in 2023. What does that recent sale price indicate?
The $1,650,000 sale price confirms the property's premium market position. It serves as a strong, recent benchmark for its value, far exceeding the typical Winnipeg home price and aligning with its top-tier size rankings.
3. What does "renovated basement" typically mean for a 2011 home?
For a home of this age, a basement renovation likely means the lower level was finished to a high standard more recently, possibly adding legal secondary suites, advanced home theatre spaces, or a sophisticated recreational area that goes beyond the original builder's grade.
4. The assessed value is significantly lower than the sale price. Why?
Municipal assessed value for taxation purposes often lags behind current market value, especially after a recent sale in a dynamic market. The sale price is the clearer indicator of its actual worth.
5. Who might the nearby "similar assessed value" properties be relevant for?
Those listings are useful for understanding how the city's assessment system compares vastly different properties. They highlight that while the assessment may be similar, the key value drivers here—the immense lot and living space—are unique compared to other homes with the same official valuation.