Property Summary: 64 Athlone Drive
Section 1: Key Characteristics & Appeal
This is a well-maintained, two-storey home built in 1963, situated on a large, mature lot in Winnipeg's Booth neighbourhood. Its key feature is a renovated basement, adding valuable finished living space to the 1,605 sqft main footprint. The home lacks a garage or pool, positioning it as a practical, low-maintenance property.
The primary appeal lies in its established setting and lot size. The property ranks in the top third of its street for lot dimensions, offering more outdoor space than many nearby homes. Its assessed value is notably low for the area, ranking in the top 12% on its street, which may present an attractive entry point into the neighbourhood. This combination of a large yard, recent basement updates, and a modest assessment could appeal to first-time buyers seeking space, or to downsizers looking for a manageable home without sacrificing yard size. It suits a buyer comfortable with street parking and who values the character and stability of a mature community over newer construction and built-in garages.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of the renovation, the materials used, and whether it includes added bedrooms, a legal suite, or simply finished living space.
2. How does the low assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes compared to neighbouring homes with similar market values. This can be a significant ongoing cost savings for the homeowner.
3. What are the implications of having no garage?
Buyers should consider the practicalities of street parking year-round, including winter parking bans. There may be potential and cost to add a garage or carport in the future, subject to local bylaws and the lot's layout.
4. The home last sold in 2016 for $29.6k. Why was that price so low?
Such a significant discrepancy between a past sale price and the current assessed value often indicates a non-arms-length transaction (e.g., between family members) or a sale that included only a partial interest in the property. It is not reflective of the home's market value at that time.
5. How does the 1963 build date affect the home?
While the structure is solidly built, key systems like the roof, plumbing, electrical, and windows may be at or beyond their typical lifespan. The updated basement is a positive, but a thorough inspection of these older components is essential.