Property Summary: 134 Old Mill Road, Winnipeg
Section 1: Overview & Appeal
This well-situated one-storey home in Birchwood presents a compelling opportunity, particularly for its generous, established lot and recent, significant sale. Its primary appeal lies in the combination of a large, 9,516 sqft property—ranking in the top tier for lot size both on its street and city-wide—with a fully renovated basement, offering immediate livable space. The attached garage adds practical convenience.
The home would suit buyers looking for a solid, no-surprises foundation in a mature neighbourhood, especially those who value ample outdoor space over a brand-new build. A thoughtful perspective is its recent sale history: selling for $720k in June 2024, a figure that ranks in the top 3% for sale prices in Winnipeg, strongly suggests the property offers intangible value or specific upgrades not fully captured by its older year (1959) and modest assessed value. This indicates it may appeal to buyers who see potential beyond standard metrics, perhaps valuing neighbourhood stability, unique lot characteristics, or the quality of the renovation.
Section 2: Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $720,000 in June 2024, which is significantly higher than its $50,600 assessed value. This is not uncommon, as assessed values for taxation purposes often lag behind current market values, especially following substantial renovations or in strong market conditions.
2. What does the "rank" information mean?
The rankings compare this property against others on its street, in Birchwood, and across Winnipeg. For example, its lot size is in the top 7% city-wide, meaning it's larger than 93% of properties in Winnipeg. This provides context for its key features relative to the area.
3. Is the older year of build (1959) a concern?
While the home is 67 years old, the fact it recently sold at a premium price and has a renovated basement suggests it has been updated. Buyers should still prioritize a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof.
4. Who might this property not suit?
It may not be ideal for buyers seeking a modern, open-concept layout typical of newer builds, as the original floor plan may reflect its era. Those looking for a move-in-ready home without any future projects should verify the scope and quality of the renovations completed.
5. What is the neighbourhood like?
Located on Old Mill Road, the property is surrounded by similar homes, indicating a consistent, established area. The high sale price relative to the neighbourhood (top 2%) suggests it is a desirable street within Birchwood.