Property Overview
383 Wallasey Street is a well-maintained bi-level home built in 1963, situated on a generous 5,768 sqft lot in Winnipeg’s Booth neighbourhood. Its primary appeal lies in offering solid value and space in a mature community. The home features a renovated basement and a living area of 1,008 sqft, which ranks in the top 15-30% for size compared to its immediate surroundings. The lot size is a significant asset, ranking highly within the street and neighbourhood, providing ample outdoor space uncommon for many properties of this vintage. With a recent assessed value of $31.80k, it presents an accessible entry point into the market.
This property would suit first-time buyers or practical investors looking for a home with established character and room to grow outdoors. Its above-average lot size and functional layout offer a blank canvas for those who value potential over immediate luxury. A thoughtful perspective is that while the home itself is modest in size and age, the land it sits on provides a tangible asset and flexibility that newer, denser developments often lack. It’s a property for someone who sees the value in a quiet street, a large yard, and a foundation to build upon over time.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement has been renovated but does not specify the scope. A prospective buyer should inquire about the finishes, the presence of a proper egress, and whether it includes a bathroom or kitchenette to understand its full utility and value.
How does the lot size compare practically?
At nearly 5,800 sqft, the lot is significantly larger than many in Winnipeg and ranks in the top 21% within the Booth neighbourhood. This translates to considerable backyard space for gardening, recreation, or future additions like a garage or deck.
What is the significance of the ranking data provided?
The rankings (e.g., "Top 15% in same street" for Living Area) show how this property compares to its direct competitors. They indicate that while the home is older, it offers more interior and exterior space than most comparable homes nearby, which is a key differentiator.
Are there any concerns with the home's age?
Built in 1963, major systems like roof, plumbing, and electrical may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the renovated basement suggests some modernization has begun.
Why is the last sale price from 2017 relevant?
The 2017 sale price of $27.70k, compared to the current $31.80k assessment, provides a benchmark for market movement in the area over seven years. It suggests steady, modest appreciation and can help inform an offer price in the current market.