Property Overview: 741 Sturgeon Road
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1967, sits on a generously sized lot in Winnipeg's Booth neighbourhood. Its primary appeal lies in its solid foundation and potential. The living space of 1,192 sq ft is practical, but the true standout is the 4,199 sq ft land parcel, which ranks in the top tier for size both on its street and within the wider neighbourhood. This offers valuable outdoor space and future possibilities.
The home would suit a first-time buyer, an investor, or a hands-on individual looking for a property where the value is anchored in the land and the structure offers a blank canvas. Its assessed value is relatively low for the area, suggesting an entry point into the market. The appeal here isn't in move-in-ready finishes, but in location, lot size, and the opportunity to add value through renovation and modernization over time. A thoughtful perspective is that the unrenovated basement, while noted as a current project, could be seen as an advantage for someone wanting to customize the layout without first undoing someone else's work.
Section 2: Frequently Asked Questions
1. What is the immediate condition of the home?
The listing notes the basement exists but is not renovated, indicating the home likely requires updates and is suited for a buyer comfortable with a project or phased renovations.
2. How does the lot size compare to others?
The land area is a key feature, ranking in the top 4% within its neighbourhood. This is a larger-than-typical lot for the area, offering more private outdoor space and potential.
3. What does the assessed value versus recent sale price indicate?
The home was last sold in October 2023 for $30,300k, which was higher than its current assessed value of $27.10k. This recent sale provides a concrete, modern benchmark for its market value.
4. Is there a garage?
No, the property does not include a garage. Buyers would need to consider on-street parking or the potential to add a parking structure or pad in the future, subject to local bylaws.
5. How does this home rank for its age and size?
While the building itself is older and average in size for Winnipeg, its lot size ranks exceptionally well. This highlights a property where the land may be a more significant component of its value than the current structure.