Property Overview
This one-storey home at 212 Wallasey Street in Winnipeg’s Booth neighbourhood presents a practical and spacious opportunity. Its primary appeal lies in the combination of a large, 8,893 sqft lot—placing it in the top 15% for size on its street—and a renovated basement, offering immediate livable space and potential. Built in 1960, the house itself is of average size for the area but sits on a parcel of land that is well above average, providing valuable outdoor space and future possibilities.
The property would suit first-time buyers or downsizers looking for a manageable single-level layout with room to grow, as well as value-oriented investors or renovators attracted by the large lot and the foundational work already done on the basement. Its assessed value is closely aligned with similar homes in various neighbourhoods, suggesting a stable, mid-market investment. A thoughtful perspective is that while the home’s living area is modest, the land represents a significant portion of the asset’s value, which can be a wise long-term hold in a city. The detached garage adds practical utility for storage or projects.
Frequently Asked Questions
1. How does the large lot size impact this property?
At nearly 9,000 sqft, the lot is substantially larger than many in Winnipeg and is a key feature. This provides ample private outdoor space, potential for additions like a garden suite (subject to zoning), and simply more breathing room than typical urban lots.
2. What does a "renovated basement" typically include?
While specifics would require a viewing, a listing noting a renovated basement generally means the space has been updated to be clean, functional, and livable. It often includes finished walls, flooring, and ceilings, making it suitable for a recreation room, additional bedrooms, or a separate living area.
3. The home was last sold in 2017. What does that indicate?
A sale seven years ago suggests the current owners have had a stable period of ownership. It’s useful to compare the 2017 sale price with the current assessed value to understand market trends for the specific street, but a professional appraisal is needed for current market value.
4. The building is older. What should I consider?
The 1960 build date means core systems like plumbing, electrical, and the roof may be at or beyond their typical lifespan. A thorough home inspection is crucial to understand the condition and anticipate any major maintenance or updates required, beyond the renovated basement.
5. How does this property rank compared to its neighbours?
The rankings show a mix: the lot size is in the top tier for the street, while the living area and year built are more average or below average. This indicates you are purchasing a property known more for its land than for the size or newness of the house itself.