Property Overview: 315 Wallasey Street
Key Features & Ideal Buyer
This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a practical and comfortable living space. Its key characteristics include a generous 1,415 sqft layout on a large 5,223 sqft lot, an attached garage, and a renovated basement. Built in 1959, the home presents a solid, established foundation.
The appeal lies in its above-average space both inside and out compared to most homes on its street and in Winnipeg overall. The renovated basement adds valuable finished space, increasing its functionality. The property’s assessed value has remained stable, and its lot size is a significant asset, offering potential for outdoor enjoyment or future expansion.
This home would suit a buyer looking for a move-in ready, single-level living option with ample room. It’s ideal for those who value a larger, private yard and extra finished space without needing a brand-new build. It also appeals to practical investors or homeowners who appreciate a property with consistent valuation in a mature neighbourhood.
Frequently Asked Questions
Q: How does this home compare in size to others nearby?
A: It stands out for its living space, which is larger than 82% of homes on Wallasey Street. The lot is also notably spacious, ranking in the top 26% on the street for land area.
Q: What does the neighbourhood ranking mean?
A: The rankings compare this property to others in Booth, on its street, and across Winnipeg. For example, its lot size is in the top 15% in the neighbourhood, meaning it's larger than most local properties, while its year built is newer than 89% of area homes.
Q: The last sale was in 2016 for $27.5k. Why is the assessed value higher now?
A: The assessed value of $33.4k is the city's current valuation for tax purposes, which considers market trends and property characteristics. The 2016 sale price reflects the market conditions of that time, and the increase suggests the city assesses the property as having gained value since then.
Q: Is the renovated basement a legal suite?
A: The provided details state it is a renovated basement, but do not specify if it is a legal, separate suite. This would be a key point to verify with the listing agent or city records.
Q: What is the significance of the "Similar Assessed Value" properties listed?
A: These are homes across Winnipeg with the same municipal assessed value ($33.4k). They are not necessarily similar in style or location but indicate what price range the city places this property in for comparison. It shows 315 Wallasey Street offers its lot size and living area at a valuation comparable to homes in various other neighbourhoods.