Property Overview & Key Characteristics
This 1968-built home in Winnipeg's Booth neighbourhood offers a renovated basement and 1,119 sqft of living space. Its primary appeal lies in its exceptional location, ranking in the top 1% of its street and the top 0% of its wider neighbourhood and city, suggesting a highly desirable and convenient setting. The home last sold in late 2023 for $210k, which is notably higher than its current assessed value, indicating strong market confidence in the area. With no garage or pool, the value here is squarely in the land and location rather than luxury amenities.
This property would suit a first-time buyer or practical investor seeking an entry into a top-ranked area without a premium price tag for a large or modern structure. It's also a sensible choice for those who value a renovated basement for extra living space and prioritize neighbourhood appeal over a large lot or newer build date.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Assessed values for tax purposes often lag behind rapid market changes. The 2023 sale price likely reflects the current market value, driven by high demand for this specific location, which the rankings confirm as exceptional.
2. What does the "Top 0%" neighbourhood ranking actually mean?
It means this property's location scores higher than 100% of other listings in its immediate neighbourhood on the platform's metrics, which typically factor in amenities, school districts, and overall desirability. It's a strong indicator of a prime spot.
3. Are there any concerns with a 58-year-old home?
While the renovated basement is a positive update, a home of this age will require attention to major aging components. A thorough inspection of the roof, foundation, wiring, and plumbing is essential to understand future maintenance needs.
4. With no garage, what are the parking options?
The listing does not specify driveway or dedicated parking. Buyers should verify on-site parking arrangements, such as a driveway or carport, and also research typical street parking availability and regulations in the area.
5. The living area is below neighbourhood average. How might that affect resale?
While the smaller size may limit appeal to growing families, it can be an advantage for singles, couples, or as a rental investment. The standout location helps offset the modest square footage, making it a cost-effective way to secure a home in a highly rated area.