Property Overview: 110 Winston Road, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1923, situated on a standard-sized lot in the Bruce Park neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the home's modest 816 sqft main-floor living area. The appeal lies in its efficient, no-frills layout and its position as an affordable entry point into a mature, established area. The lot size is typical for the immediate street and neighbourhood, offering manageable outdoor space without extensive upkeep.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance home in a central location. It represents a practical opportunity for those prioritizing location and a renovated basement over square footage or modern amenities. A thoughtful perspective for a buyer is to see the smaller living area not just as a limitation, but as a catalyst for efficient, minimalist living and lower utility costs. The home’s age suggests character, but also necessitates a thorough inspection to understand the condition of major systems beyond the noted basement renovation.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes, especially if rental income is a consideration.
2. How does the assessed value relate to the likely sale price?
The home's assessed value is around $30.7k, but it last sold in 2021 for $31.8k. In Winnipeg, assessed value for taxation purposes often differs significantly from market value. The sale price will be determined by current market conditions.
3. What are the implications of the home's smaller living area?
At 816 sqft, the main floor living space is below average for the area. This means efficient use of space is essential. However, the renovated basement effectively expands the usable space, which is a crucial mitigating factor.
4. The home is over 100 years old. What should I be concerned about?
While the basement has been renovated, a pre-purchase inspection is critical to evaluate the condition of the original structure, including the roof, foundation, plumbing, electrical wiring, and heating system, which may need updates or repairs.
5. There's no garage. What are the parking options?
The property has no garage. Buyers should confirm the availability of on-street parking permits or the feasibility of adding a driveway or parking pad, subject to local regulations.