Property Summary: 2 Savile Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained 1977 bi-level home in Betsworth, sitting on a spacious, nearly 6,000 sqft lot. Its key features include a finished basement and a detached garage. With 924 sqft of living space, it is a compact and efficient layout.
The primary appeal lies in its strong positional value within its immediate locale. The home ranks highly on its street for lot size and age, suggesting it is among the better-proportioned and more recently built properties in the row. The recent sale price of $380,000 in October 2024 indicates solid market validation. It suits first-time buyers or downsizers looking for a manageable home with a generous yard in an established neighborhood. It may also attract value-oriented buyers who recognize the potential in a home that outperforms many on its own street but leaves room for personal updates inside.
Section 2: Frequently Asked Questions
1. How does the "ranking" system work?
The rankings compare this property against others on the same street, in the wider community, and across all of Winnipeg for specific metrics. For example, ranking in the "top 7%" for lot size on its street means it has a larger lot than 93% of its immediate neighbors, a significant local advantage.
2. The living space is modest at 924 sqft. How usable is the layout?
As a bi-level, the home's living area is distributed across two levels, typically with common areas on one and bedrooms on another. The finished basement adds functional space for recreation, storage, or a home office, effectively increasing the usable square footage beyond the official figure.
3. The home sold for $380,000, which is above the assessed value. Is this common?
Yes, in active markets, sale prices often differ from the municipal tax assessment, which is used for calculating property taxes and may not reflect current market dynamics. The sale price is the true indicator of its recent market value.
4. What does the ranking for "age" actually tell me?
Ranking newer than 93% of homes on its street means most houses on Savile Avenue are older than 1977. This suggests this home could have relatively newer major components, like roofing or wiring, compared to its direct neighbors.
5. Who is this home likely not suited for?
It may not suit buyers seeking a large, open-concept interior or brand-new construction. The floor plan is compact, and as a home from the 1970s, some systems or finishes may benefit from modernization over time.