Property Overview & Key Characteristics
This well-situated one-storey home in Assiniboia Downs offers a practical blend of space, recent updates, and established neighbourhood character. Its primary appeal lies in its generous, private lot—over 12,000 sq ft, which ranks in the top tier for size both locally and city-wide—paired with a fully renovated basement. Built in 2008, it is a relatively modern structure compared to many in Winnipeg, potentially reducing immediate concerns over major system replacements.
The home would suit buyers looking for solid value in a mature area, particularly those who prioritize outdoor space for family, gardening, or pets over a multi-level floor plan. It’s also a compelling option for downsizers or those seeking single-level living who don’t want to compromise on lot size or basement amenities. A thoughtful perspective is the significant disparity between its current assessed value and recent sale prices; this suggests a property that has been substantially upgraded or is in a micro-market that outpaces the broader assessment model, indicating strong owner investment and potential for sustained equity.
Frequently Asked Questions
1. How does the lot size compare to a typical property?
The 12,296 sq ft lot is exceptionally large, placing it in the top 3% of all residential lots in Winnipeg. It offers rare privacy and space for its neighbourhood.
2. The assessed value seems low compared to past sales. Why is that?
Municipal assessments often lag behind rapid market changes and significant renovations. The sold prices from 2016 and 2021, significantly higher than the assessed value, likely reflect major improvements (like the basement renovation) and market conditions that aren't fully captured in the official valuation.
3. Is the neighbourhood considered established or developing?
Assiniboia Downs is an established, mature neighbourhood. The home's 2008 build date makes it newer than most on the street, offering modern construction within a settled community.
4. What does the "one storey" building type mean for living space?
All primary living areas are on one level (2,098 sq ft), which is accessible and efficient. The renovated basement provides additional, flexible space without being counted in the official living area square footage.
5. How does this home rank for space compared to nearby houses?
While its interior living area is above average for Winnipeg, it ranks slightly below average within its immediate neighbourhood. This highlights that the property's standout feature is its expansive land, not necessarily its interior square footage relative to nearby homes.