Property Overview
This one-storey home on a generous 5,495 sqft lot in Winnipeg’s Booth neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a balance of space, recent updates, and a price point accessible to a range of buyers.
Key Characteristics & Appeal
The home’s primary strengths are its renovated basement and its above-average lot size, which ranks within the top 18% of the neighbourhood. This combination offers immediate move-in readiness with added living space and future potential for gardening, expansion, or outdoor enjoyment. Built in 1964, the house is neither the newest nor the oldest on the block, positioning it as a stable, established property.
Its appeal is grounded in practicality. It would suit first-time homebuyers looking for a manageable single-storey layout with a finished basement for extra room, or investors seeking a property with a solid land value and recent updates in a non-speculative area. The detached garage adds functional utility. A less obvious perspective is the home’s consistent assessed value, which has remained steady since its last sale in late 2020, suggesting a stable, realistic valuation in a sometimes volatile market. The data indicates it performs well on its specific street but sits in the middle ranges for the wider area, highlighting a property that is a strong contender within its immediate locale without a premium city-wide price tag.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, or the scope of work should be verified with the seller or a viewing. It signifies usable living space is already in place.
2. How does the lot size compare practically?
At 5,495 sqft, the lot is notably larger than many in Winnipeg (top 56%), offering more private outdoor space than typical for the price bracket, which is a significant advantage.
3. What is the neighbourhood like?
The Booth neighbourhood shows a mix of property ages and values. The home ranks in the top half for lot size and value on its street, suggesting it aligns with or exceeds nearby standards, but exploring the specific block is recommended.
4. Why has the assessed value changed so little since 2020?
The stability in assessed value may reflect a balanced market appraisal for the area and property type over that period, not necessarily a lack of improvement. It can indicate a realistic baseline for pricing.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or a brand-new home may find the 1964 build requires updates. Those prioritizing a top-tier city-wide ranking in living area or newness might look elsewhere, as this home’s strength is its solid local standing and lot size.