Property Overview: 311 Wallasey Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in the Booth neighbourhood offers a practical and comfortable living space. Built in 1959, it sits on a generous 5,222 sqft lot, providing ample outdoor space that ranks within the top 25% for size on its street. The home itself features 1,171 sqft of living area and includes a renovated basement and a detached garage.
Its primary appeal lies in its established, no-fuss character and its strong positional metrics within a mature community. While not a new build, the home’s year of construction is newer than most in both its neighbourhood and the wider city. The lot size is a significant asset, offering potential for gardening, expansion, or simply more private outdoor living than is typical. The renovated basement adds valuable finished space. This property would suit first-time buyers seeking a solid starter home with room to grow, or downsizers looking for a manageable single-level layout without sacrificing yard space. It’s a practical choice for someone valuing a quiet, established area over a brand-new build.
Frequently Asked Questions
1. How does this property compare to others in the area?
The data shows this home holds its own in key areas. Its lot size is notably larger than most on the street, and the building itself is newer than many in the wider neighbourhood and city. Its most recent sale price in 2021 was also above the street average at that time.
2. What is the condition of the major systems (roof, furnace, etc.)?
The property details confirm a renovated basement, but the age and condition of the roof, furnace, windows, and other major components are not specified here. These would be critical points for a professional home inspection.
3. Is there potential for future expansion or renovation?
The large lot size is a clear advantage for potential expansion, subject to local zoning bylaws. The existing renovated basement also adds flexible living space. The single-storey design could facilitate easier renovations or aging-in-place modifications.
4. What is the neighbourhood like for families or daily living?
Located in Booth, the home is in a mature, established area of Winnipeg. Prospective buyers should explore the nearby streets, amenities, schools, and transit options personally to gauge the fit for their lifestyle.
5. Why is the assessed value different from the last sale price?
The 2024 assessed value is $31.80k, while it sold for $35.50k in August 2021. Municipal assessed values for taxation purposes often lag behind market sale prices and are determined by different criteria. The sale price from three years ago is a historical data point, not a current market valuation.