Property Summary: 42 Prairie View Road
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Booth neighbourhood, built in 1967. Its primary appeal lies in a combination of generous outdoor space and a recently renovated basement. The lot is a standout feature at over 7,100 sq ft, placing it in the top quarter for size on its street, offering ample room for gardening, play, or expansion. The home itself, at 1,312 sq ft, is also above average in size for the immediate area.
The property suits two main types of buyers. First, it’s ideal for those seeking a manageable single-level layout without sacrificing yard space—perfect for downsizers or first-time buyers who value room to grow outdoors. Second, the renovated basement adds immediate functional living space, appealing to anyone needing a rec room, home office, or separate living area without a major project.
A less obvious perspective is its value trajectory. The home last sold in 2021 for $47,600, which was notably higher than similar homes in Winnipeg at the time (top 21%), suggesting it may have had desirable updates or features that commanded a premium. While the current assessed value is lower, this history indicates a property with proven appeal in the recent market.
Frequently Asked Questions
1. What does "renovated basement" specifically mean?
The listing confirms the basement has been renovated, but you should inquire about the scope, quality, and permits for the work, as well as whether it includes a separate entrance or additional bathrooms.
2. How does the age of the home (1967) affect it?
While the structure is older, the renovated basement is a positive update. A pre-purchase inspection is especially important to assess the condition of major original components like the roof, wiring, plumbing, and foundation.
3. The lot is large, but how is it shaped and oriented?
The total square footage is provided, but viewing the property or a survey will show the lot's layout, sun exposure, and how usable the space actually is for your intended purposes.
4. The detached garage: what is its size and condition?
The listing notes a detached garage but not its dimensions or state. This is a key feature for storage, workshops, or parking, and its condition could factor into maintenance plans or value.
5. How does the assessed value compare to the likely selling price?
The current assessed value is $40,600, but the 2021 sale was at $47,600. Market conditions, the renovated basement, and the desirable lot size mean the selling price will likely be influenced more by current buyer competition than the assessment.