Property Overview: 130 Optimist Way, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a compelling opportunity centered on space, modernity, and value. Built in 1993, it is notably newer than most homes in the neighbourhood and city-wide, suggesting updated infrastructure and potentially lower maintenance. The 1,765 sqft living area is spacious, ranking in the top 2% for Buchanan, offering ample room for comfortable living.
The appeal lies in its above-average positioning across key metrics. It sits on a generous 7,344 sqft lot, providing outdoor space that is larger than the city norm. A significant feature is the renovated basement, adding valuable finished living space. The home’s assessed value ranks in the top 1% for the neighbourhood, indicating a strong perceived value relative to its peers, though it's important to note this is distinct from market price.
This property would suit buyers looking for a move-in-ready, single-level layout with a modern foundation in an established area. It’s ideal for those who prioritize interior space and a renovated basement over features like a pool. The strong rankings suggest a home that outperforms local averages, appealing to value-conscious buyers seeking a property with solid fundamentals in a quiet setting like Optimist Way.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $55,600 is for municipal tax purposes and is typically lower than market value. The last known sale was in 2019 for $34,500. A current market evaluation is essential to determine the listing or offer price.
2. What does "renovated basement" specifically include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, the nature of the renovations, and whether it includes added bedrooms, a bathroom, or a legal suite.
3. The home ranks highly for its living area in Buchanan. What does this mean practically?
With 1,765 sqft ranking in the top 2% for the neighbourhood, this home offers significantly more interior space than most nearby properties. This is a major advantage for buyers needing multiple bedrooms, a home office, or simply more spacious common areas.
4. The lot is large for the city, but average for the street. Is that a concern?
Not necessarily. The 7,344 sqft lot is above the Winnipeg average, ensuring good yard space. While it's around the average for Optimist Way specifically, this often indicates a consistent, desirable streetscape where properties are of a similar scale.
5. The home is newer than most in the area. What are the potential benefits?
A 1993 build date suggests major systems (like plumbing, electrical, and insulation) may be more modern and efficient than those in older homes common in Winnipeg. This can translate to improved energy performance, reliability, and compliance with newer building codes.