Property Overview
21 Athlone Drive is a well-situated 4-level split home in Winnipeg's Booth neighbourhood, built in 1963. It sits on a large, 8,384 sqft lot and features 1,738 sqft of living space with a renovated basement. The property last sold in July 2022 for $500,000. Its appeal lies in a combination of generous outdoor space, recent updates, and a location that ranks highly within its immediate area for lot size and recent sale value.
Key Characteristics & Ideal Buyer
The home’s primary strengths are its substantial lot and its recent, significant value appreciation. The lot size is in the top 25% for the neighbourhood and top 10% city-wide, offering rare space for gardens, play, or expansion. The 2022 sale price places it in the top 4% of its neighbourhood, suggesting buyers have valued specific features or potential here highly. With a renovated basement and a practical 4-level split layout, the home offers functional living space across multiple levels.
This property would suit buyers looking for a home with established character on a large parcel of land, without the maintenance of a pool or the expense of a built-in garage. It’s ideal for those who value outdoor space over a brand-new build, and for owner-occupants who see potential in a home that has already seen a major value jump, possibly indicating a trend in the micro-area. It may also appeal to data-driven buyers who note its high rankings for lot size and recent sale price within its specific street and neighbourhood context.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation typically means finished living space. Given the home's age, this likely involved modernizing a previously underutilized area into a family room, office, or additional bedrooms, adding significant functional space.
2. The home sold for $500k in 2022 but the assessed value is much lower. Why?
Municipal assessed value for property tax purposes often lags behind market value, especially in a moving market. The 2022 sale price is a clearer indicator of its recent market worth and what a buyer was willing to pay.
3. There's no garage. How does that impact value and daily life?
The lack of a garage is factored into the price. It suits buyers who don't require one, possibly using the large lot for a shed or future garage build. On-street parking is likely the norm, which is common in many established neighbourhoods.
4. The home is 63 years old. What should I be aware of?
While the basement is renovated, a home of this age may have original major systems (like plumbing, electrical, or windows) that could require attention or updating. A thorough inspection is essential to understand the condition of these core components.
5. The rankings show it's in the bottom quarter of the street for year built. Is that a concern?
This simply means most houses on the street were built later. For a 1963 home, it's actually in the top third city-wide for age. It indicates the street developed over time, and an older home on a large lot can sometimes offer more charm and space than newer ones on subdivided parcels.