Property Overview
This 1959 two-storey home on a large 6,596 sqft lot in Birchwood presents a classic Winnipeg footprint with notable updates. Its key appeal lies in the combination of a spacious, renovated basement and a living area that ranks well above average for its neighbourhood and the city. The lot size is a significant asset, placing it in the top tier for the street. While the home's age is reflected in its assessed value ranking, the interior space is a standout feature, offering nearly 2,000 sqft of living area. This property would suit a buyer looking for a home with generous indoor and outdoor space in an established neighbourhood, who values the potential and foundation provided by a renovated basement and is comfortable with the maintenance considerations of an older home.
Key Considerations & FAQs
1. What does the "renovated basement" likely entail?
Given the home's age and assessed value, the renovation likely focused on essential modernizations—such as moisture control, insulation, electrical updates, and finishing for livable space—rather than high-end finishes. It's a crucial feature that adds functional square footage.
2. The assessed value seems low. Is that a concern?
The assessed value is a municipal tool for calculating property tax, not a market price. Its ranking suggests the home is valued consistently with similar properties in Winnipeg. The market price will be influenced more by the home's condition, the renovated basement, and its above-average living area.
3. How does the lot size impact this property?
The lot is larger than most on the street, offering valuable outdoor space, potential for gardening, expansion, or simply more privacy—a growing rarity. This is a long-term asset that isn't reflected in the square footage of the home itself.
4. The home is older. What should I budget for?
Built in 1959, proactive maintenance is key. While systems may have been updated, budgeting for potential repairs to the roof, original plumbing, or windows is prudent. A thorough inspection is essential to understand the home's current state.
5. What's the neighbourhood like?
Birchwood is a mature, established neighbourhood. The rankings show this street and area have a mix of home ages and values. It offers stability and convenience, typical of Winnipeg's older suburbs, but for specifics on noise, traffic, or community feel, a personal visit at different times is recommended.