Property Overview: 363 Wallasey Street
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Winnipeg's Booth neighbourhood presents a practical and comfortable living opportunity. Its key appeal lies in a combination of a generous, above-average lot size (over 5,200 sq ft) and a recently renovated basement, offering immediate livability and space for personalization. The attached garage adds everyday convenience.
The home suits first-time buyers or downsizers seeking a manageable single-level layout in an established area. Its strong ranking for lot size within the street and neighbourhood suggests a valuable outdoor space—a relative rarity that could appeal to gardeners, families, or those who simply value privacy and room to breathe. From an investment perspective, the property’s assessed value has shown stability, and its "newer than average" build year for the area indicates potentially fewer immediate concerns compared to older peers in the community. It’s a grounded choice for a buyer who values solid fundamentals—good land, updated essentials, and a quiet street—over flashy finishes.
Section 2: Frequently Asked Questions
1. How does this property compare to others on the street?
The home stands out for its larger-than-average lot, ranking in the top third on Wallasey Street for land area. It is also newer than about half the homes on the street. While the living area is comfortable, it's the outdoor space that is a key differentiator here.
2. What is the neighbourhood like?
Booth is an established, mature neighbourhood. The rankings indicate this property sits in the top half of the area for metrics like lot size and year built, suggesting it aligns well with some of the neighbourhood's better offerings.
3. Has the property value been stable?
Based on available sales data, the assessed value appears consistent. A notable sale in 2017 at a significantly lower price likely reflects a different market condition or property state at that time, with the current assessment suggesting a period of value growth that has since stabilized.
4. What should I know about the basement renovation?
The listing confirms the basement has been renovated. We recommend inquiring about the scope of the work, when it was completed, whether permits were pulled, and the current layout/use of the finished space to understand its full value.
5. Who might this property not suit?
Buyers seeking a move-in-ready home with modern, high-end finishes throughout may find the 1959-built main floor requires updates. Additionally, those needing extensive square footage inside the home, rather than outside in the yard, might find the 1,050 sq ft living area limiting compared to two-storey alternatives.