Property Overview: 729 Sturgeon Road
This 1966-built, three-level split home in Winnipeg's Booth neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a balance of space, recent updates, and a competitive price point within a well-established area.
Key Characteristics & Suitability
The home sits on a generously sized lot (4,199 sq ft), which is larger than most on its street and in the wider neighbourhood. This offers valuable outdoor space for gardening, play, or future expansion. The living area (1,141 sq ft) is efficiently laid out across the split-level floor plan, providing clear separation between living and sleeping zones. A significant feature is the renovated basement, which adds immediate functional space without the need for a project.
Its appeal is grounded in being a move-in-ready home with a major update already completed, positioned at a sold price ($300,000) that was notably accessible compared to its higher assessed value. It suits first-time buyers seeking a manageable home with a good yard, or practical investors looking for a solid rental property with modernized fundamentals. A thoughtful perspective is the home’s strong ranking for lot size within its immediate area—a permanent advantage that newer infill properties often lack. While the structure itself is of average age for the area, the renovated basement effectively adds modern utility to a classic, space-efficient layout.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While exact finishes aren't specified, a renovated basement in this context generally means the space has been finished into a livable area with proper walls, flooring, and ceiling, and likely includes essential electrical and heating updates.
2. How does the lack of a garage affect daily living and value?
The property has no garage, which is common for homes of this era in Winnipeg. Buyers should budget for alternate parking and storage solutions. This is often reflected in the more accessible purchase price compared to similar homes with garages.
3. The home sold for $300k, but the assessed value is much lower. Why?
Municipal assessed value is for taxation purposes and is not a market appraisal. The sale price is determined by current market conditions, recent renovations (like the basement), and buyer demand, often leading to a higher sale price than the assessed figure.
4. What are the pros and cons of a three-level split design?
Pros include clear separation between living, sleeping, and basement areas, often creating a sense of privacy. Cons involve navigating stairs between levels, which may not suit those with mobility concerns, and the potential for a more segmented floor plan.
5. How does the lot size compare, and what are the advantages?
At 4,199 sq ft, the lot is larger than approximately 71% of properties on its street. This is a key asset, providing more private outdoor space than neighbours and potential for additions, sheds, or landscaping that smaller lots cannot accommodate.