Property Overview
This 1958-built, one-storey home on a large 7,497 sqft lot in Birchwood presents a classic Winnipeg character with modern updates. Its key appeal lies in the combination of a spacious, private yard and a renovated basement, offering flexible living space. The detached garage adds practical storage or workshop potential. While the living area is modest, the property’s value is anchored in its land size and recent improvements. It would suit first-time buyers looking for a solid starter home with room to grow outdoors, or downsizers seeking a manageable single-level layout with a finished lower level for family visits or hobbies. A thoughtful perspective is that its above-average lot size for the street offers a relative rarity—room for gardens, play, or expansion—in a neighborhood where many properties are more tightly packed.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home sold for $34.8k in September 2023, which is slightly higher than its current $33.4k assessed value. This suggests the market recently valued it a bit above its official assessment.
2. What does the ranking data actually tell me about this property?
The rankings compare this home to others on its street, in Birchwood, and across Winnipeg. Key takeaways are its lot size is in the top quarter on the street, but the home itself (by living area and year built) ranks in the bottom half of the immediate area, indicating you're primarily buying for the land and renovated basement.
3. Is the renovated basement a legal suite?
The provided details state the basement is renovated but do not specify if it is a legal, rentable suite. This is a critical point to verify with the listing agent and city permits, as it impacts value and utility.
4. What is the typical buyer or vibe in this part of Birchwood?
With a mix of older, well-established homes on sizable lots, the area likely attracts long-term residents and families. The proximity to very similarly valued homes in neighborhoods like Elmhurst and Varsity View suggests a stable, mature community.
5. Are there any obvious red flags from the sales history or comparisons?
The home sold very recently (late 2023). A quick resale isn't inherently a red flag, but understanding the seller's motivation is prudent. The assessed value being among the lowest on the street could reflect the home's modest size and age, but also warrants a thorough inspection to ensure condition is consistent with the recent renovation.