Property Overview
245 Wallasey Street is a well-maintained, one-storey home built in 1959, situated on a spacious 5,217 sqft lot in Winnipeg's Booth neighbourhood. Its key appeal lies in the combination of a recently renovated basement and a detached garage, offering both modernized living space and practical storage or workshop potential. The home’s living area of 1,103 sqft ranks above average for its immediate neighbourhood, providing comfortable scale.
This property would suit first-time buyers or downsizers looking for a solid, move-in-ready home with a low-maintenance single-level layout. Its above-average lot size for the street is a notable asset for those valuing outdoor space or future expansion. The 2023 sale price suggests it sits in a middle-market segment, offering value within a mature, established community. A thoughtful perspective is that while the home’s age is typical for the area, its renovated basement and lot size provide a foundation for both immediate livability and long-term equity, appealing to pragmatic buyers.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s last sold price in 2023 ranks in the top half of recent sales for its specific street, indicating it is positioned competitively within its most immediate market context.
2. What is the significance of the lot size?
At over 5,200 sqft, the lot is larger than 85% of others on Wallasey Street. This is a key feature, offering more private outdoor space than most neighbours and potential for gardening, play, or additions.
3. Is the neighbourhood considered established or changing?
With homes dating from the late 1950s and consistent property values, Booth is a long-established neighbourhood. The rankings show this property is newer and on a larger lot than many nearby, suggesting a stable, mature community character.
4. What does the "renovated basement" typically imply here?
While specifics aren’t listed, a noted basement renovation in a home of this era often means updated finishes and possibly added legal egress, creating valuable additional living, recreational, or utility space.
5. Who might this property not suit?
Buyers seeking a brand-new build or a home with modern open-concept layouts may find the original 1959 floor plan less ideal. It’s best for those who appreciate the character and solidity of a well-kept older home.