208 Wallasey Street

Property Summary: 208 Wallasey Street

Key Characteristics & Appeal

This is a classic one-storey home built in 1922, situated on a notably large lot of nearly 8,900 square feet in Winnipeg's Booth neighbourhood. Its primary appeal lies in the significant land parcel, which ranks within the top 15% for size locally, offering substantial outdoor space and future potential. The house itself, at 1,154 sqft, is of average size for the area. Key features include a detached garage and an unrenovated basement.

The property suits buyers looking for a long-term project or land value. It's ideal for someone with renovation plans who values private outdoor space over a modern, move-in-ready interior. The large lot could appeal to gardeners, those wanting room for additions, or buyers viewing the land itself as the primary asset for future development. A thoughtful perspective is that while the home is older, its lot size is a rare commodity that cannot be replicated, offering a different kind of value than a newer home on a standard plot. The last known sale was in 2016 for $250,000.

Frequently Asked Questions

1. What does "basement, not renovated" typically mean?
It indicates the basement is functional but in its original or older state, likely requiring updates for modern finishes, insulation, or moisture control. It presents both a project and an opportunity to customize.

2. How significant is the lot size?
At 8,894 sqft, it is considerably larger than average, placing it in the top 15% of lots in the immediate neighbourhood. This is a key feature for privacy, outdoor activities, or future landscaping or building projects.

3. The home is over 100 years old. What should I consider?
While offering classic charm and solid construction, a home of this age will likely have older systems (plumbing, electrical, roof) and may require updates for energy efficiency and modern living standards. A thorough inspection is essential.

4. How do the property rankings work?
The rankings compare this specific property against others on the same street, in the Booth neighbourhood, and across Winnipeg. For example, a "Top 86% in same street" for land area means only 14% of lots on Wallasey Street are larger.

5. Why is there a difference between the Assessed Value and the last Sold price?
The Assessed Value ($28,200) is for municipal tax purposes and is not an indicator of market value. The last sold price ($250,000 in 2016) is a historical market price and should be considered alongside current market conditions and any changes made to the property since then.