Property Overview: 18 Prairie View Road
Key Characteristics & Appeal
This well-established one-storey home in Winnipeg's Booth neighbourhood sits on a generous 7,196 sqft lot, offering above-average outdoor space for the area. Built in 1967, the home features 1,320 sqft of living space and a renovated basement, adding valuable functional square footage. A detached garage provides flexible storage or workshop potential.
The property’s primary appeal lies in its solid fundamentals and quiet, established setting. Key data points suggest it is a competitively valued home within its immediate circle: it ranks highly for lot size on its street and possesses an assessed value that places it in the top quarter of the neighbourhood. A less obvious point of appeal is its historical transaction consistency; selling for $49.2k in 2022—close to its current assessment—indicates a stable, realistic valuation in recent years, which can be reassuring. This home would best suit pragmatic buyers looking for a move-in-ready, low-maintenance property with a large yard, or those who value the potential of a renovated basement for family space, a home office, or rental income. Its one-storey layout also makes it a strong candidate for buyers planning for long-term accessibility.
Frequently Asked Questions
1. How does the property’s age impact its value and maintenance?
While built in 1967, the home is newer than 90% of houses on its street, suggesting the area is characteristically mature. The renovated basement is a significant update. Buyers should focus on the condition of major age-related components like the roof, windows, and foundation, as the core structure is from that era.
2. The lot size is a standout feature. What does this practically offer?
At over 7,000 sqft, the lot is larger than most in the immediate vicinity. This allows more privacy, gardening space, and room for additions like a shed, deck, or play area than is typical for the street, offering a suburban feel within the city.
3. What do the ranking percentages for value and sales price mean?
The rankings compare this property to others in the area. For example, its last sold price ranked in the top 13% on its street, meaning it sold for more than 87% of neighbouring homes at that time. This suggests it is perceived as a premium property on this particular block.
4. Is the detached garage a pro or a con?
This depends on preference. A detached garage offers flexibility (e.g., workshop, separate storage) and can reduce noise in the house. However, it is less convenient in Winnipeg winters than an attached garage. The trade-off is a classic characteristic of homes from this period.
5. The assessed value is listed at $44.80k, but it sold for $49.20k in 2022. Why the difference?
Municipal assessed values for tax purposes often lag behind current market values and are calculated using a specific formula. The 2022 sale price is a clearer indicator of its recent market worth. The fact that the two figures are relatively close, unlike some properties where there is a wide gap, suggests the assessment is reasonably aligned with its market value.