Property Overview
197 Athlone Drive is a well-established one-storey home in Winnipeg's Booth neighbourhood, built in 1966. Its primary appeal lies in its generous 7,198 sqft lot—significantly larger than many in the area—combined with a recently renovated basement. The home suits buyers looking for a solid, no-frills property with ample outdoor space and the value-add of finished lower-level living space, all at a manageable scale. It’s particularly fitting for first-time homeowners, downsizers, or practical investors who prioritize lot size and functional updates over a modern build date or expansive square footage.
A thoughtful perspective: while the home itself is older and of average size for the street, its lot size ranks in the top tier for the area, offering rare potential for gardening, expansion, or simply more private outdoor living. The 2016 sale price suggests the property may have been undervalued at that time, and the current assessment aligns well with similar homes across the city, indicating stable market recognition.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 7,198 sqft lot is a key feature, ranking in the top 60% on Athlone Drive and the top 58% in the broader Booth neighbourhood. It offers substantially more yard space than many comparable properties.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, layout, or permits should be verified through a viewing and inspection. It adds valuable finished living space to the home's 1,335 sqft main floor.
3. Is the detached garage a standard size?
The listing notes a detached garage but does not specify dimensions. This should be physically checked to confirm it meets your needs for vehicle storage or workshop space.
4. How does the age of the home affect its value and condition?
Built in 1966, the home is older than 94% of houses on its street. While this can mean more maintenance considerations, it also often correlates with larger lots in established areas. A thorough inspection is essential to understand the condition of major systems like roof, wiring, and plumbing.
5. How stable has the property's value been?
The assessed value of $38,900k is consistent with similar homes in Winnipeg and represents a reasonable increase from its 2016 sale price of $35,100k, suggesting steady, modest appreciation in line with the market.