Property Summary: 5 Athlone Drive, Winnipeg
Section 1: Overview & Appeal
This well-situated one-storey home in Booth offers a practical and solid foundation. Its key characteristic is a generous 5,243 sqft lot, providing ample outdoor space that ranks highly for the area. The living space is a comfortable 1,222 sqft, and the home benefits from a renovated basement, adding valuable finished area. Built in 1966, it presents a classic, low-maintenance bungalow layout.
The appeal lies in its balance of space and value. The large lot is a standout feature for gardening, recreation, or future expansion. The recent basement renovation adds immediate utility without the need for initial projects. The home’s sold price in 2023 of $343,000, notably above its assessed value, suggests a market-recognized premium, likely for its condition or lot size.
This property would suit first-time buyers seeking a move-in-ready home with room to grow outdoors, or downsizers looking for a manageable single-level layout without sacrificing yard space. It’s a pragmatic choice for someone who values a larger, private lot over a newer build or attached garage.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The lot is exceptionally large for the immediate street, ranking in the top tier (0%) on Athlone Drive, and is larger than 83% of lots in the broader Booth neighbourhood.
2. 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 added living space without the need for a major renovation.
3. Is the lack of a garage a significant drawback?
This depends on buyer needs. The large lot offers potential for adding a garage or shed, but upfront, it means relying on driveway parking. This is a common trade-off in older neighbourhoods for larger land parcels.
4. The home sold for more than its assessed value in 2023. Why?
Assessed value is for municipal tax purposes and often lags behind the market. The higher sale price likely reflects factors like the renovated basement, the desirable lot size, and overall condition that buyers were willing to pay a premium for at that time.
5. How does the age of the home (1966) affect things?
A home of this age may have older major systems (roof, windows, plumbing) that should be inspected. However, its established neighbourhood and classic bungalow design offer proven, straightforward livability. The recent basement update shows some modernization has been undertaken.