Property Overview
59 Emerald Grove Drive is a well-established, two-storey home in Winnipeg's Booth neighbourhood. Built in 1967, it sits on a large, approximately 9,850 sqft lot and features 2,172 sqft of living space, an attached garage, and a renovated basement. Its recent sale in late 2022 was for $62,500.
Key Characteristics & Appeal
This home’s primary appeal lies in its combination of generous space and standout positioning within its immediate area. The lot size and living area are both in the top 10% for its street and neighbourhood, offering more room than most comparable properties. The fully renovated basement adds valuable, modern living space.
Its strong suit is value stability and established community. The property ranks in the top 6% of all Winnipeg homes for its most recent sale price, indicating it holds its value exceptionally well against city-wide comparisons. It suits buyers looking for a spacious, grounded property in a mature neighbourhood without the premium of a new build. It’s ideal for someone who prioritizes interior and basement updates over exterior or system overhauls, and who values a home that has already demonstrated strong resale performance in its category.
Frequently Asked Questions
1. What does the "rank" data actually mean?
The rankings compare this specific property against others on its street, in its neighbourhood (Booth), and across all of Winnipeg. For example, "Top 8%" for living area on its street means only 8% of homes on Emerald Grove Drive have a larger living space.
2. The home sold recently in 2022. Why is that significant?
The sale price of $62,500 ranks in the top 2% for its street and top 6% city-wide, providing a very recent and strong benchmark for its market value, which is useful for understanding its current price positioning.
3. The year built is 1967. What should I consider?
While the building itself is older, the renovated basement is a key update. A prospective buyer should focus inspection efforts on the core systems (roof, plumbing, electrical, foundation) common to homes of this era, as the major interior living space has been modernized.
4. How does the assessed value relate to the price?
The assessed value ($55,20k) is for municipal tax purposes. The more relevant market indicator is the 2022 sale price, which was approximately 13% higher, showing the property can command a price above its assessment.
5. The lot is large. What are the implications?
A lot of this size (top 10% in the neighbourhood) offers excellent outdoor space potential and is a scarce commodity in mature areas. It also may represent a future value opportunity, as it is a key feature that cannot be replicated in newer subdivisions.