Property Overview: 55 Athlone Drive, Winnipeg
Key Characteristics & Appeal
This well-established one-storey home in Booth sits on a generous 6,088 sqft lot, offering more land than most properties on its street and in the wider neighbourhood. Built in 1963, the home features 1,535 sqft of living space and includes a renovated basement and a detached garage. Its appeal lies in its solid, grounded positioning within a mature community. The lot size is a standout feature, providing valuable outdoor space and potential in an area where newer properties often sit on smaller parcels. The home’s recent assessed value is stable and consistent with similar properties across several neighbourhoods, suggesting it represents a fair market proposition.
This property would suit a practical buyer looking for a solid entry into a stable neighbourhood without the premium of a newly built home. It’s ideal for someone who values space over flash, sees potential in a renovated basement for family or rental income, and appreciates the character and established greenery of an older community. A thoughtful perspective is that while the home itself is average in size for the area, the above-average lot offers a tangible asset for future enjoyment, expansion, or simply the luxury of privacy and room to breathe—a feature becoming increasingly rare.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 6,088 sqft lot is notably larger, ranking in the top 9% on Athlone Drive and the top 26% in the broader Booth neighbourhood, offering significant outdoor space.
2. What is the significance of the home’s assessed value?
At $39,500, the assessment is in line with similar homes in various Winnipeg neighbourhoods, indicating a stable, mid-range value without unexpected premiums or red flags.
3. Has the property value increased since it was last sold?
Yes, it sold for $35,500 in October 2016. The current assessed value of $39,500 reflects a modest increase over that eight-year period, consistent with steady market growth.
4. Is the home’s age a concern?
Built in 1963, the home is older than about 76% on its street but is fairly typical for Winnipeg overall. Its age suggests potential for older-system updates but also comes with the established charm and mature landscaping of the area.
5. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This should be a key point of inquiry to understand the finish quality, legal compliance, and its current use (e.g., living space, suite, recreation room).