371 Wallasey Street

Property Overview: 371 Wallasey Street

Key Characteristics & Appeal

This is a classic one-and-a-half storey home built in 1928, situated on a generous 4,375 sqft lot in Winnipeg's Booth neighbourhood. With 1,501 sqft of living space, it offers more room than most on its street and in the wider area. Its key appeal lies in its established character, above-average lot size, and its position as a solid, older home in a mature community. The property has an unrenovated basement and no garage, indicating it is likely a true fixer-upper or a well-maintained home awaiting modernization.

The data suggests it suits a specific buyer: someone seeking a project home with good bones and land potential, or an investor comfortable with an older property. Its assessed value is modest relative to its lot size and living area, which could appeal to those looking for entry points into the market or value-adding opportunities. A less obvious perspective is that its age (98 years) actually ranks quite well historically for the area, meaning it's among the newer homes in an old neighbourhood, potentially implying more durable construction methods of that era. Its consistent ranking in the top tiers for lot size and living space on its street highlights a relative scarcity of larger properties in the immediate vicinity.

Frequently Asked Questions

1. What does the ranking data actually mean?
The percentile rankings compare this property to others on its street, in the neighbourhood, and across Winnipeg. For example, its lot size is in the top 5% on Wallasey Street, meaning it's larger than 95% of its direct neighbours.

2. Is the basement finished or usable?
The listing specifies "Yes, not renovated," indicating the basement exists but is in original or unfinished condition. It will require work to become a modern living space.

3. Why is the assessed value different from the last sale price?
The home was last sold in August 2021 for $29.10k and is currently assessed at $25.50k. Assessed values for taxation purposes can differ from market sale prices due to timing, market conditions, and different valuation methods.

4. What are the implications of having no garage?
Buyers should plan for alternative parking and storage solutions. This is common for older homes and can be a budget consideration for adding a garage later, though the large lot may accommodate it.

5. How does this home compare to nearby properties?
It sits among very similar homes on Wallasey Street. The provided comparable properties with identical assessed values are in different neighbourhoods, suggesting this home offers a similar value proposition but in the specific context of the Booth area.