Property Overview: 27 Emerald Grove Drive
Key Characteristics & Appeal
This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a classic and practical layout on a generous 7,200 sqft lot. Its key appeal lies in a combination of space, established location, and recent updates. The 1,547 sqft living area is notably above average for its immediate street and the wider city, providing ample room. A significant feature is the renovated basement, which adds valuable finished space and modern convenience to the 1967 structure.
The property’s strength is its balanced positioning within a mature community. It sits on a large lot, offering privacy and outdoor potential, in a neighbourhood where it ranks highly for assessed value—suggesting it is perceived as a solid asset relative to its peers. The home would suit a buyer looking for a move-in-ready, single-level living option without sacrificing yard space, or an investor/renovator attracted by the large lot and the foundational work already completed on the basement. A thoughtful perspective is that while the home is older, its above-average size for the area and updated basement provide a practical canvas that balances character with modern living needs, avoiding the premium price of a fully new build.
Frequently Asked Questions
1. How does the property’s age affect its value?
Built in 1967, the home is older than many on its street. However, this is offset by the renovated basement and its above-average living space and lot size, factors that often contribute more directly to liveability and value than age alone.
2. Is the lot size a significant advantage?
Yes. At over 7,000 sqft, the lot is substantially larger than many in Winnipeg, ranking in the top half of its street. This provides excellent outdoor space, potential for additions or gardens, and a greater sense of privacy.
3. What does the "rank by assessed value" tell me?
Ranking in the top 89% of its neighbourhood for assessed value indicates that, officially, this property is valued higher than the vast majority of homes around it. This can be a sign of its perceived worth due to lot size, improvements, or location within the area.
4. The last sale was in 2021. What does that mean?
The home was sold three years ago for $50,500. This recent transaction history provides a clear, modern benchmark for its market price, which can be helpful for valuation comparisons.
5. Who might this property not suit?
It may not suit buyers seeking a brand-new home without any future projects, or those who prioritize a neighbourhood with very recently built properties. The one-storey design might also not fit families seeking multiple defined upstairs bedrooms.