Property Summary: 116 Old Mill Road, Winnipeg
Key Characteristics & Appeal
This well-established Birchwood bungalow sits on a large, 8,435 sqft lot, offering more space than most properties on its street and in Winnipeg overall. Built in 1960, the home features a renovated basement, an attached garage, and the rare bonus of a private pool. With 1,380 sqft of living space, it provides a practical single-level layout.
Its primary appeal lies in its combination of generous outdoor space, desirable amenities, and a strong value position within its community. The lot size is a significant asset, ranking in the top third of the neighbourhood. While the house itself is of average size for the area, the fully renovated basement adds functional living space. The property’s assessed value places it in the top 10% locally, suggesting it is a well-regarded asset.
This home would suit buyers looking for a grounded, long-term family home in a mature neighbourhood, where the yard and pool offer immediate summer enjoyment and room to grow. It’s also a compelling option for those who value having finished space without a major project, and for investors or downsizers attracted to a property with metrics that outperform most of the city.
Frequently Asked Questions
1. How does the lot size compare practically?
At over 8,400 sqft, the lot is substantially larger than the average city property, offering ample room for gardening, play, and outdoor entertaining beyond the pool area.
2. The home was built in 1960. What should I consider?
While the basement has been renovated, a home of this age will have older core components. A thorough inspection of the roof, foundation, plumbing, and electrical systems is essential to understand any upcoming maintenance.
3. The assessed value seems low relative to the sold price. Why?
The assessed value ($55.9k) is for municipal tax purposes and is typically much lower than market value. The last recorded sale was for $61.2k in late 2022, which is a more relevant, though historical, market indicator.
4. What do the ranking percentages mean for livability?
They show how this property compares to immediate neighbours and the wider city. For example, ranking in the "Top 10%" for assessed value in Winnipeg indicates it is considered a more valuable asset than 90% of properties, which can signal stability and a strong community perception.
5. Is the pool a major factor in upkeep?
Yes. A private pool is a luxury amenity but requires dedicated seasonal maintenance, chemical costs, and insurance considerations. It adds to both the enjoyment and the ongoing responsibility of the property.