Property Overview & Key Characteristics
This well-maintained home, built in 2013, offers a modern foundation in Winnipeg's Assiniboia Downs neighbourhood. Its primary appeal lies in a combination of solid recent updates and strong community standing. The home features a renovated basement and a practical 1,392 sqft layout. The data suggests it is a standout property within its immediate area, ranking in the top 1% of its neighbourhood and the top 0% city-wide for its street appeal. While it does not have a garage or pool, its value is reflected in its consistent appreciation, having sold for $65.20k in 2022 after a previous sale at $42.50k in 2016.
This property would suit a first-time buyer or an investor looking for a modern, low-maintenance home in a well-regarded local setting. It’s also ideal for someone who values a home that already has key renovations, like the finished basement, and appreciates a location that outperforms most of its direct peers in terms of street and neighbourhood rankings.
Frequently Asked Questions
1. What does the "top 1% in neighbourhood" ranking actually mean?
This ranking is based on the property's overall street appeal and presentation compared to 121 other homes in Assiniboia Downs. It indicates that this home is considered among the very best-maintained or most visually appealing on its street, which can contribute to curb appeal and a sense of pride in the area.
2. The assessed value is significantly lower than the 2022 sale price. Why is that?
Municipal assessed value for tax purposes often lags behind current market values and is calculated using mass appraisal techniques. The 2022 sale price of $65.20k is a clearer indicator of its recent market worth, suggesting the home may have features or conditions that the assessment formula doesn't fully capture.
3. Is the lack of a garage a major drawback?
This depends on buyer needs. For some, it's a compromise for the home's other strengths, like its modern age and renovated basement. The property may have a driveway or potential to add a parking structure, but this would be a key point to verify during a viewing.
4. The home sold twice in six years. Is that a concern?
Not necessarily. The sales in 2016 and 2022 show a clear pattern of value growth. The reasons for sale are common and varied—job relocation, upgrading, or investment. The consistent increase in price points to a desirable property in a stable or appreciating area.
5. How does the living space compare to nearby homes?
At 1,392 sqft, this home is larger than most in its immediate vicinity, ranking in the top 16% on its street. This means it offers more interior space than the majority of comparable neighbouring properties, providing a relative advantage in size.