Property Overview
This one-and-a-half storey home on a large 11,805 sqft lot in Winnipeg’s Booth neighbourhood presents a solid opportunity for a specific type of buyer. Built in 1961, it offers over 1,300 sqft of living space, a detached garage, and an unrenovated basement. Its appeal is rooted less in turn-key finishes and more in its foundational assets: the property ranks in the top 4% for lot size within its neighbourhood and city, offering rare potential for expansion, gardening, or outdoor living. The home suits buyers looking for a value-conscious entry into a mature area, who are prepared for a project—whether that’s a gradual renovation, an addition, or simply enjoying the generous outdoor space. It’s a property where the land is the primary draw, with the house offering functional living space to build upon. The last sale was in 2017, suggesting a potential long-term ownership that adds a layer of neighbourhood stability.
Key Considerations & FAQs
1. What does "unrenovated basement" typically mean here?
It indicates the basement is in original or functional condition, not updated. Buyers should budget for any desired moisture control, insulation, or finishing, but it also means no shortcuts have been taken in recent cosmetic flips.
2. The lot size ranking is very high. What are the implications?
Ranking in the top 4% for lot size locally is significant. It means this property offers outdoor space that is increasingly rare, potentially allowing for future additions, a large garden, or simply more privacy than neighbouring homes—a long-term advantage.
3. How does the assessed value compare to the last sale price?
The current assessed value is $31.5k, while it last sold for $25k in 2017. This difference is noteworthy and a buyer should consult with a real estate professional to understand current market value, as assessed value for tax purposes doesn't always equal market price.
4. Who would this property not suit?
It would not suit buyers seeking a modern, move-in-ready home without projects. The unrenovated basement and older building age call for a hands-on owner or one comfortable with planning and budgeting for updates over time.
5. The rankings show the home is newer than many on its street but older than most in the neighbourhood. How should I interpret that?
This suggests the immediate block has a mix of older and newer homes, while the broader neighbourhood has seen more new construction. It points to a streetscape with character and variation, rather than a uniform, recently built area.