Property Summary: 185 Athlone Drive
Key Characteristics & Appeal
This is a well-maintained, two-storey home built in 1965, situated on a large, 6,354 sqft lot in Winnipeg’s Booth neighbourhood. Its primary appeal lies in its generous proportions and recent updates. The living area of 1,893 sqft is notably spacious, ranking within the top 15% of homes on its street and the top 10% within its wider neighbourhood. This sense of space is complemented by a renovated basement, adding valuable functional square footage. The property includes a detached garage.
The home suits buyers looking for established character and room to grow without the premium of a brand-new build. It’s particularly appealing for those who value a larger-than-average lot and interior space for the area, as confirmed by its strong rankings for lot and living area. The recent sale in July 2024 suggests a modernized and move-in-ready condition. It’s a practical choice for families or anyone needing flexible space, offering the benefits of a mature neighbourhood with the comforts of recent renovations.
Frequently Asked Questions
1. How does the property’s age affect its value?
Built in 1965, the home is older than many in Winnipeg, but its renovated basement and recent sale indicate important updates. The value lies in the combination of classic construction on a large lot with modern livability.
2. Is the lot size a significant advantage?
Yes. At over 6,300 sqft, the lot is substantially larger than many in the city (ranking in the top 25% in Winnipeg). This offers superior outdoor space, potential for gardening, expansion, or additions, subject to local bylaws.
3. What do the ranking percentages actually mean?
They show how this property compares to others in a specific zone. For example, its living area is in the “Top 10% in neighbourhood,” meaning 90% of nearby homes have less living space. This is a key indicator of its relative spaciousness.
4. The assessed value is lower than the recent sale price. Why?
Municipal assessed value (here, $40.70k) is for tax purposes and often lags behind the current market. The July 2024 sale at $42.50k is a more accurate reflection of its recent market value.
5. Who might this property not suit?
Buyers seeking a brand-new, low-maintenance home or those who prefer an attached garage may want to look elsewhere. The home’s appeal is rooted in its established setting, generous lot, and renovated space rather than modern construction or ultra-convenient parking.