Property Summary: 244 Wallasey Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Booth neighbourhood is defined by its exceptionally large, 8,890 sqft lot, placing it in the top 16% for land size locally. The home itself is a manageable 1,054 sqft bungalow built in 1959, featuring a renovated basement. It does not have a garage or pool. Its appeal lies in the rare combination of a very spacious, private yard within a mature city neighbourhood—a canvas for gardening, expansion, or outdoor living. The recent basement renovation adds modern, functional living space.
The property would suit first-time buyers or downsizers seeking a single-level layout with minimal upkeep, where the value is anchored in the land itself. It’s also a strong match for a buyer with a vision for the outdoors, whether that’s creating a private urban oasis or valuing the future potential such a large lot represents. A thoughtful perspective is its transactional history: sold for $300k in 2017 and $40.4k in 2021, with a current assessed value of $34.1k. This significant fluctuation suggests it may be a unique situation, potentially appealing to an investor or buyer comfortable with independent research into its specific history and title.
Section 2: Frequently Asked Questions
1. What does the lot size actually mean for me?
An 8,890 sqft lot is nearly double the size of many standard city lots. It provides uncommon space for additions like a large deck, workshop, or garden, and offers greater privacy and distance from neighbours.
2. The sale price history shows a dramatic drop from $300k to $40k. Why?
Such a sharp change typically indicates a non-arms-length transaction, such as a transfer between family members, or a sale with specific conditions attached. It does not reflect a market-wide collapse in value. Always consult with your real estate agent and lawyer to understand the full history.
3. Who is responsible for verifying the condition of the renovated basement?
The listing states the basement is renovated, but the scope, quality, and permits are not detailed. A buyer must inspect it thoroughly, ideally with a qualified home inspector, to assess the workmanship and ensure it meets all building codes.
4. There’s no garage. What are the parking options?
The property has no garage, so parking would be via a driveway (if present) or on the street. It’s important to confirm the driveway status and review local street parking regulations.
5. How do the ranking percentages work?
The rankings (e.g., "Top 81% in same street") are comparative metrics. For example, a "Top 81%" rank for lot size means this property’s lot is larger than 81% of other lots on Wallasey Street, highlighting its relative strength in that specific category.