Property Overview: 34 Emerald Grove Drive
Key Characteristics & Appeal
This well-situated four-level split home, built in 1967, sits on a generous 7,194 sqft lot in Winnipeg's Booth neighbourhood. Its primary appeal lies in a combination of space, recent updates, and strong value performance. The home features a renovated basement and a detached garage, with a living area of 1,704 sqft.
The property’s standout feature is its above-average lot size, ranking in the top 10% on its street, offering ample outdoor potential. While the home itself is older, its recent sale history shows compelling value growth, having sold for $45.7k in mid-2023 against a current assessed value of $41.5k. This suggests a market perception that outpaces the official assessment. The neighbourhood rankings indicate it sits in a relatively newer and more spacious segment of Booth compared to immediate peers.
This home would suit a practical buyer looking for a solid footprint and yard in a mature neighbourhood. It’s ideal for someone comfortable with the layout of a four-level split and who sees potential in a home with a recently renovated basement. The strong lot size and recent sale price also make it a sensible consideration for buyers prioritizing land value and evident market appreciation over brand-new construction.
Frequently Asked Questions
1. What does the "rank" data actually mean?
The rankings compare this property against others on its street, in the neighbourhood, and across Winnipeg. For example, its lot size is in the top 10% on Emerald Grove Drive, meaning it's larger than 90% of its direct neighbours, which is a significant advantage.
2. The house sold recently in 2023. Why is it back on the market?
While the listing details don't specify the reason, a quick resale can be due to many neutral factors like a job relocation, change in family circumstances, or an investor completing a planned renovation and sale. The increase in sale price from the assessed value in that short period is a notable point to discuss with your agent.
3. Is a four-level split a suitable layout?
This layout offers good separation of living and sleeping areas across multiple half-levels, which can provide privacy. However, it also means more stairs. It suits those who don't mind segmented living spaces and can be ideal for separating a rec room or home office in the basement level.
4. How does the assessed value compare to the recent sale price?
The current assessed value is $41.5k, but it sold for $45.7k in July 2023. This indicates the market recently valued the property approximately 10% higher than its official assessment, a positive sign of perceived value and desirability in the current market context.
5. The home is older. What should I consider?
Built in 1967, the core systems (like roof, plumbing, electrical) may be original or have been updated at various times. A key focus should be on the quality and permits for the basement renovation, as well as the condition of the detached garage. The rankings show the home is newer than many in Winnipeg, but a thorough inspection is essential.