Property Overview: 113 Winston Road, Bruce Park, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1941, situated on a well-sized lot in Winnipeg's Bruce Park neighborhood. Its primary appeal lies in its value proposition and potential. The 804 sqft living area is notably modest, ranking at the lower end for the area, which positions it as an affordable entry point into the market. A key feature is the renovated basement, adding functional space. The lot size of 4,494 sqft is above average for Winston Road itself, offering valuable outdoor space relative to immediate neighbors.
This property would suit first-time buyers, investors, or downsizers seeking a lower-maintenance footprint with the land value of a established neighborhood. Its appeal is pragmatic: it's a renovation-ready canvas or a solid rental investment in a central location, where the value is anchored more in the land and location than in the current size or condition of the home. A thoughtful perspective is that the smaller house on a good lot offers flexibility—whether for future expansion, gardening, or simply lower utility and maintenance costs compared to larger homes on the street.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
Homes of this era and style in Bruce Park often started as compact, functional dwellings. This particular home hasn't been expanded upward or outward like many others on the street, which explains its ranking.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent or finish. This is a key detail to clarify with the seller or agent, as it could range from updated essentials to a fully finished living space.
3. How does the sale price compare to the assessed value?
The home recently sold for $302,000, which is higher than its $283,000 assessed value. This is common and indicates the market valued certain aspects—like the lot, location, or renovated basement—above the city's assessment for tax purposes.
4. Is there potential to expand this home?
Given the above-average lot size for the street and the modest footprint of the house, there is likely physical space to consider an addition, subject to local zoning bylaws and building codes. This is a major point of potential value for a buyer.
5. The home has no garage; is adding one feasible?
The lot dimensions would need to be verified, but the property size could potentially accommodate a garage or carport. This would require investigating setback rules and utility locations, and represents both a potential cost and a value-add project.