Property Overview: 195 Old Mill Road, Birchwood, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1959-built, four-level split home sits on a generous 7,893 sqft lot in Winnipeg's Birchwood neighbourhood. Its most standout feature is its significant 2,742 sqft of living space, which ranks in the top 2% of homes in Winnipeg for size, offering exceptional room for a growing family, multi-generational living, or ample personal space. The home includes a renovated basement, adding to its functional footprint. While the property itself is older, its lot size and interior square footage are substantial assets that are harder to find in newer subdivisions.
The appeal lies in the value proposition of space and established location. It suits buyers prioritizing interior volume and lot size over a newer build, and who are comfortable with the character and potential maintenance of a mature home. It would be an excellent fit for a practical family seeking room to grow without the premium price of a new, similarly sized home, or for value-conscious buyers who see potential in the solid foundation of a large, well-located property. The rankings suggest it's a larger-than-average home on a quieter street, offering a sense of privacy and room that is increasingly rare.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and whether it includes a legal suite or additional bedrooms should be verified with the seller or a viewing.
2. With no garage, what are the parking options?
The property has no garage, so parking is limited to the driveway and street. Buyers should assess driveway capacity and consult local bylaws regarding on-street parking.
3. How does the 2016 sale price relate to today's value?
The home sold for $400,000 in 2016. This figure provides historical context, but current market conditions, updates made since then, and comparable recent sales are essential for determining its present market value.
4. The assessed value is significantly lower than the last sale price. Why?
Municipal assessed value ($41,300) is for tax purposes and is typically much lower than market value. It should not be used as an indicator of listing or sale price; recent sales of similar homes are the best guide.
5. What are the implications of the home's age (built 1959)?
While offering character and a mature lot, a home of this age may have original components (like plumbing, electrical, windows, or the roof) that require inspection, updating, or budgeting for future replacement. A thorough home inspection is highly recommended.