Property Overview & Key Characteristics
This 1959-built, one-storey home on a generous 6,606 sqft lot in Birchwood presents a practical and solid opportunity. Its core appeal lies in a combination of established neighbourhood character, above-average lot size, and a renovated basement, offering functional space. The home’s living area (1,255 sqft) is modest relative to the lot, suggesting potential for future expansion or enjoying ample outdoor space as-is.
The property suits first-time buyers or downsizers looking for a manageable single-level layout in a mature area. It also appeals to value-oriented buyers who see potential in the disconnect between the home’s size and its larger-than-average lot, viewing it as a canvas for future updates or an addition. The renovated basement adds immediate functional living space, a key advantage over many homes of this vintage. Rankings show the lot size is a standout feature locally, while the home itself is comfortably middle-of-the-road for the area in terms of size and assessed value, indicating a stable, no-surprises investment in a well-established part of Winnipeg.
Frequently Asked Questions
1. How does the sold price from 2021 relate to today’s value?
The 2021 sale at $420k provides a historical benchmark, but market conditions have shifted. The current assessed value is significantly lower, which is typical, but the listing price will be determined by current market dynamics, recent comparable sales, and the home’s updated condition.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A key question for buyers is the quality of the renovation, whether it includes legal egress, a proper bathroom, and moisture control—common concerns in homes from this era.
3. The lot is large, but is it usable?
A 6,606 sqft lot is a notable asset in this neighbourhood. Buyers should consider its shape, topography, and any mature trees to assess its true usability for gardening, recreation, or potential future structures like a garage addition or garden suite (subject to zoning).
4. How does the home’s age (67 years) affect maintenance?
While the basement has been renovated, core systems like plumbing, electrical, the roof, and the foundation are original or nearing end-of-life. A thorough inspection is crucial to budget for upcoming major maintenance or updates.
5. The rankings show mixed positions—what’s the takeaway?
The data reveals a property of contrasts: its lot size ranks highly, but the living area and year built rank lower on the street. This suggests you’re purchasing primarily for the land and location in Birchwood, with the home representing a functional existing structure that may benefit from modernization over time.