Property Overview & Key Characteristics
This well-situated one-storey home in Silver Heights offers a classic Winnipeg layout with significant outdoor space and recent updates. Its primary appeal lies in the combination of a large, 7,702 sqft lot—placing it in the top 20% for lot size on its street—and a renovated basement, adding valuable finished living area. Built in 1960, the home is newer than most in its immediate area and neighbourhood. With a detached garage and over 1,200 sqft of living space, it presents a practical, grounded opportunity.
The property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It also appeals to value-conscious buyers who prioritize a larger lot for gardening, recreation, or future expansion over a brand-new home. The renovated basement adds immediate functional space for a growing family, a home office, or a separate recreation area. A thoughtful perspective is that this home represents a balance: it offers more modern fundamentals (like the newer build year relative to the area) and ample land, while the assessed value suggests it remains within a accessible range for the Winnipeg market.
Frequently Asked Questions
1. How does the 1960 build year compare to the area?
The home was built in 1960, which is newer than approximately 80% of the properties in the immediate neighbourhood, offering potentially more modern construction fundamentals than many nearby homes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, or the nature of the renovation (e.g., full suite, rec room, storage) should be verified with the seller or a viewing.
3. Is the large lot size typical for Silver Heights?
At 7,702 sqft, the lot is significantly larger than average for the street (top 20%) and Winnipeg overall (top 12%). This is a standout feature for the property, providing rare outdoor space in the city.
4. How does the assessed value relate to the last sale price?
The current assessed value is $37.1k, while it last sold in May 2016 for $32.1k. This difference reflects municipal assessment trends and market changes over eight years, not necessarily a direct market price.
5. What is the context of the nearby reference property on Ainslie Street?
The listed reference property at 276 Ainslie Street is provided for general neighbourhood comparison. It is older (1918), has slightly more living area, but a lower assessed value and different lot characteristics, highlighting the varied inventory in Silver Heights.