415 Wallasey Street

Property Overview: 415 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 characteristics include a renovated basement, an attached garage, and a generous 6,185 sqft lot, which is notably larger than many in the immediate area. With 1,529 sqft of living space, the home ranks in the top 10% for size on its street, offering more room than most comparable properties nearby.

The appeal lies in its combination of space, updates, and established location. The renovated basement adds immediate functional living area without the need for a project. The large lot is a significant asset, providing ample outdoor space for gardening, recreation, or future expansion—a relative rarity in the neighbourhood. The home’s assessed value ranks very high locally (top 6% on the street), suggesting it is viewed as a substantial property within its context.

This property would suit a buyer looking for a move-in ready, single-level layout, possibly downsizers or young families seeking room to grow outdoors. It’s also a sensible choice for a value-conscious buyer who appreciates a home that stands out on its block for lot size and perceived value, rather than just its year of build. The data indicates it’s a property that holds its own in the local market, having maintained a strong assessed value relative to its neighbours.

Section 2: Frequently Asked Questions

Q: How does the age of the home (1981) compare to others nearby?
A: Built in 1981, this home is newer than the majority on its street, ranking in the top 10%. It is a more contemporary option compared to many neighbouring houses built in the 1960s.

Q: What does the high assessed value ranking mean?
A: Ranking in the top 6% on its street for assessed value, the municipal assessment suggests this property is considered more valuable than nearly all homes around it. This can be a positive indicator for equity, though market price is determined by buyers.

Q: Is the lot size unusual for the area?
A: Yes. The 6,185 sqft lot ranks in the top half of the street and is a standout feature. It offers significantly more outdoor space than many properties in Booth, which is a key advantage.

Q: The home last sold in 2018. What does that sale price indicate?
A: When it sold in February 2018 for $34.50k, that price was near the middle of the range for sales on the street at that time. The current assessed value of $47.20k reflects significant growth in its appraised value since then.

Q: How does the living space compare to similar nearby homes?
A: With 1,529 sqft, this home offers considerably more interior space than several listed comparable properties on nearby streets, which range from approximately 924 to 1,150 sqft. It provides above-average living area for the locale.