Property Overview: 70 Prairie View Road
This two-storey home in Winnipeg's Booth neighbourhood presents a compelling opportunity on a large, established lot. Built in 1967, it offers over 2,100 sqft of living space and an attached garage. The data suggests a property with solid fundamentals, positioned well above average for its immediate area in several key metrics.
Key Characteristics & Appeal
The primary appeal of this home lies in its generous scale and its strong positional value within a sought-after context. It sits on a large lot over 10,600 sqft, ranking in the top 5% of its neighbourhood for land area, which is a rare find and offers significant potential for outdoor enjoyment or future expansion. The living space is also well above average for the area (top 4% in the neighbourhood). While the basement is noted as unrenovated, this presents a clean slate for customization.
Its appeal is rooted in being a "high-floor" property on its street and in Booth. It ranks in the top 10% for lot size, year built, and recent sale price on its own road, indicating it is one of the more substantial and modern homes in that specific row. The 2023 sale price was notably strong, ranking in the top 1% of the entire neighbourhood, which signals strong market recognition for homes of this calibre here.
This property would suit buyers looking for a home with above-average room to grow in a mature neighbourhood, who value a large yard and are possibly willing to take on a basement project to add their own finish. It’s ideal for someone who appreciates a home that already stands out in its immediate setting based on core metrics like lot and living space.
Frequently Asked Questions
Q: The assessed value seems low compared to the 2023 sale price. Why is that?
A: Municipal assessed value for tax purposes often lags behind current market values and uses a different valuation method. The sale price from 2023 is a more direct indicator of its recent market worth.
Q: What does the ranking data actually tell me?
A: It contextualizes this specific property against its immediate peers. For example, ranking in the top 5% of the neighbourhood for lot size means 95% of homes in Booth sit on smaller plots of land, highlighting a key advantage of this property.
Q: The home is from 1967. Should I be concerned about major updates?
A: While the year built is noted, it ranks as newer than 90% of homes on its own street and 77% in the neighbourhood, meaning it's relatively modern for the area. A thorough inspection is always recommended to determine the condition of major systems like roof, wiring, and plumbing.
Q: The basement is "not renovated." What should I expect?
A: This typically means the basement is in a functional, utilitarian state—likely with concrete floors, exposed ceiling joists, and basic walls. It’s a blank canvas, which can be an advantage for buyers wanting to design the space to their specific needs without first demolishing a previous renovation.
Q: How does the recent sale price ranking in the top 1% of the neighbourhood affect future value?
A: It demonstrates that the market has already placed a premium on this property relative to its surroundings, establishing a strong value baseline. This can be a stabilizing factor, but future appreciation will always depend on broader market conditions and any value-added improvements made.