Property Summary: 695 Keewatin Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, no-frills property that represents a practical entry point into the Winnipeg market. The home is a one-storey bungalow built in 1959, featuring a modest 720 sqft of living space, a renovated basement, and a detached garage on a standard 4,245 sqft lot. Its primary appeal lies in its solid fundamentals and relative value. The lot size is typical for the area, and the home’s year of built is actually newer than many in the wider Burrows-Keewatin neighbourhood, suggesting potentially better underlying structure than some comparables. The recently renovated basement adds functional living space, a key upgrade for a home of this size.
This property would suit first-time buyers, downsizers, or investors seeking an affordable, low-maintenance footprint. It’s for someone who values a straightforward, grounded investment over luxury finishes. A thoughtful perspective is that the below-average living area, while a constraint for some, translates to lower utility costs and less upkeep. The assessed value is notably higher than the neighbourhood average but well below the city average, positioning it as a stable, mid-tier property within its immediate community rather than a standout city-wide.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 720 sqft, the main floor is compact. However, the renovated basement effectively doubles the usable space, making the overall footprint practical for a small household or an individual.
2. How does the assessed value compare?
The assessment of $24,200 is above the neighbourhood average but significantly below the Winnipeg average. This suggests the property is valued appropriately within its established, mature community context.
3. What does the lot size offer?
The 4,245 sqft lot is very typical for the street and area. It provides standard backyard space for gardening or relaxation, without the burden of extensive landscaping maintenance.
4. Is a 1959 home a concern?
While 67 years old, the home is actually newer than many in Burrows-Keewatin (ranking in the top 7% for year built in the neighbourhood). This can indicate more modern construction standards for its core systems compared to nearby older homes.
5. Who are the typical buyers here?
Given its size, value, and features, this property most commonly attracts practical buyers: first-timers building equity, empty-nesters downsizing, or investors looking for a manageable rental property with a desirable basement suite already in place.