Property Overview & Key Characteristics
This well-situated one-storey home on a spacious, 5,997 sqft lot in Winnipeg's Booth neighbourhood presents a practical and value-conscious opportunity. Its key appeal lies in a combination of solid fundamentals and recent updates. The home features a renovated basement, adding valuable finished living space to the 1,040 sqft main floor. A detached garage provides flexibility for parking or storage.
The property’s strength is underscored by its competitive positioning within the local market. It ranks in the top tier for lot size on its street and sits above average for its assessed value in the wider Winnipeg context. Having sold very recently in February 2024, it offers a clear, current benchmark for market value. This home would suit first-time buyers seeking a move-in-ready foundation with expansion potential, or investors looking for a stable rental property with a desirable lot size. Its straightforward layout and manageable scale also appeal to downsizers.
Frequently Asked Questions
1. What does the "renovated basement" include?
While the listing confirms the basement is renovated, specific details on the finishes, room types, and whether it includes a separate entrance or bathroom should be verified with the seller or listing agent to understand its full utility.
2. How does the recent sale price compare to the assessment?
The home sold for $28,200 in February 2024, which is slightly below its $29,100 assessed value. This close alignment suggests the sale was near market value at that time, providing a reliable recent comp.
3. Is the lot size a significant advantage here?
Yes. At nearly 6,000 sqft, the lot is larger than approximately 90% of others on the same street. This offers valuable outdoor space, potential for gardening, and future expansion possibilities that are less common in older neighbourhoods.
4. The home was built in 1960. What should I be aware of?
While the basement has been renovated, a home of this age may have original core components, such as plumbing, electrical, or the roof, that require inspection. Its newer ranking relative to the neighbourhood, however, indicates it's not among the oldest homes in the area.
5. How does this property fit within the Booth neighbourhood?
The rankings show this property is consistently above the median for the area in key metrics like lot size and assessed value. This indicates it's a solid, middle-to-upper tier property within Booth itself, rather than just an average city-wide listing.