Property Summary: 569 Lodge Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in the Booth neighbourhood offers a practical and grounded opportunity. Its primary appeal lies in a combination of generous outdoor space and a renovated basement, providing immediate livability and room to grow. With a large 6,805 sqft lot that ranks in the top quarter for size on its street, the property stands out for its potential for gardening, play, or expansion, a notable asset in an established area. The attached garage and the renovated basement add significant functional value for storage, hobbies, or flexible living space.
The home suits first-time buyers or downsizers seeking a manageable single-level layout without sacrificing yard space. It also appeals to the practical investor or homeowner who values a solid foundation—literally, with a finished basement—over flashy updates, seeing the character and potential in a home from the 1960s. A thoughtful perspective is its balanced positioning: while not the newest or largest home in the broader market, it holds its own with above-average lot size and a recent, credible sale price, suggesting it’s a known quantity in a stable context rather than a speculative gamble.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 6,805 sqft lot is a key feature, ranking in the top 23% for size on Lodge Avenue. This is significantly larger than many standard city lots and is a defining characteristic of this property.
2. What does "renovated basement" typically mean for a home of this era?
For a 1964 home, a renovated basement often indicates updated finishes and functionality, possibly including a rec room, laundry area, or additional living space. It’s a major plus, adding immediate usable square footage without the need for a costly project.
3. The home last sold in late 2022. What does that recent sale history indicate?
The sale two years ago provides a clear, modern benchmark for the property’s market value, offering more relevance than the municipal assessed value for understanding its recent price point in a changing market.
4. Is the living space considered large for the area?
At 1,189 sqft, the living area is above average for the immediate street (top 29%) but fairly typical for the wider neighbourhood. The overall living space is a combination of this main floor area plus the renovated basement.
5. How does the age of the home factor into its value?
Built in 1964, the home is of average age for its surroundings. The value here is less about being new and more about established neighbourhood character, mature landscaping, and the fact that major systems like the basement have already been addressed.