Property Overview & Key Characteristics
This 1951-built, one-storey home in Birchwood sits on a generous 5,701 sqft lot, offering more space than most in its immediate area. Its primary appeal lies in its balance of a sizable, established lot and a recently renovated basement, presenting a solid foundation for both comfortable living and future potential. With a modest 728 sqft living area, the home is efficient and manageable.
The property would suit first-time buyers or downsizers looking for an affordable entry into a mature Winnipeg neighbourhood without a large maintenance footprint. It’s also a practical candidate for a long-term holder who values land size over a large house and sees value in the already-completed basement renovation. A thoughtful perspective is that while the home itself is compact, the lot ranking in the top 18% for the street offers a relative rarity: space to breathe, garden, or expand in a settled area, which is often harder to find than a larger house on a smaller plot.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, permits, or moisture control are not provided. This is a key item for a buyer to investigate further during a viewing or through their agent.
2. How does the lack of a garage affect daily life and value?
The property has no garage, which is common for homes of this era. Buyers should consider the feasibility of adding a shed or carport, and factor in street parking availability, especially during Winnipeg winters.
3. The assessed value is significantly lower than the 2021 sale price. Why?
The current assessed value is $29.5k, while it sold for $33.5k in late 2021. Municipal assessments for tax purposes don't always equal market value and can lag behind market shifts. The sale price from three years ago is a more relevant, though dated, indicator of its market value.
4. Is the smaller living area (728 sqft) a major constraint?
For some, yes. The home's living space is smaller than 93% of properties in Winnipeg. However, the renovated basement likely adds functional space. This layout suits those seeking simplicity or who spend little time indoors, but families may find it tight.
5. The lot is large, but what is the neighbourhood like for future investment?
The rankings show the property holds its own on lot size within Birchwood. The area's stability is suggested by the close proximity of similar-valued homes. Investment would depend more on broader neighbourhood trends and the potential of the lot itself rather than the house's current metrics.