Property Overview: 7 Prairie View Road
Key Characteristics & Appeal
This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a blend of space, established character, and practical updates. Its primary appeal lies in its generous 8,302 sqft lot, which places it in the top tier for land size on its street and provides significant outdoor potential. The home itself features a renovated basement, adding valuable finished living space to the 1,230 sqft main floor. Built in 1967, the property is notably newer than most on its street, suggesting potentially fewer concerns with some aging infrastructure common to older homes.
The profile suits practical buyers looking for a solid, single-level layout with room to grow outdoors. It’s ideal for those who value a large yard over a large house footprint, or for someone seeking a home where a major basement renovation is already complete. The strong lot size ranking in a mature neighbourhood indicates a property that holds intrinsic value, appealing to long-term thinkers. It may also attract buyers comparing newer subdivisions, offering a more established setting with larger individual lots.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, ceiling height, permits, and whether it includes a bathroom or legal secondary suite potential.
2. How does the assessed value compare to the likely asking price?
The assessed value is $40,80k, but the last known sale was in 2016 for $33.10k. This indicates the market has moved, and the asking price will be significantly higher. The assessment is for taxation and is a poor indicator of current market value.
3. The living area is ranked lower than the lot size. Is the house too small?
The 1,230 sqft living area is below average for the immediate street but is closer to the middle range for the wider neighbourhood. This suggests the home is a comfortable size, but the standout feature is the land. It's a trade-off: more yard, less house.
4. What are the implications of the home being "newer" than most on the street?
Built in 1967, it's newer than 90% of its neighbours. This can be positive, potentially meaning updated wiring, plumbing, or insulation compared to much older homes. However, it is still nearly 60 years old, so a thorough inspection of all core systems remains essential.
5. The 2016 sale shows a "Top -2%" street rank. What does that mean?
This unusual figure likely means the 2016 sale price of $33.10k was actually slightly higher than the typical sale on the street at that time, placing it just outside the 100% ranking scale. It indicates the property sold for a slight premium eight years ago.