Property Overview
84 Railway Street is a well-situated one-storey home in Winnipeg's Burrows-Keewatin neighbourhood, built in 1972. Its primary appeal lies in the generous 8,121 sqft lot, which is significantly larger than most in the immediate area and ranks within the top tier for the entire neighbourhood. The home itself features a renovated basement and a detached garage, with a living area of 1,084 sqft that is comfortably above average for the local area.
This property would suit a buyer who values land size and future potential over a large existing footprint. It's ideal for someone looking for space for gardens, recreation, or future expansions like a workshop or addition. The renovated basement adds immediate functional living space, making it practical for small families, first-time buyers seeking room to grow, or investors attracted by the lot value and neighbourhood affordability. Its strong rankings within Burrows-Keewatin suggest it represents a solid value proposition within that specific community.
Frequently Asked Questions
1. What is the true standout feature of this property?
The lot size is the most significant asset. At over 8,000 sqft, it is in the top 1% for the Burrows-Keewatin neighbourhood, offering rare space that provides privacy, flexibility, and long-term potential that smaller lots cannot match.
2. How does the home's condition compare to others in the area?
The data indicates the home is newer than most in Burrows-Keewatin (top 5%), and the basement has been renovated. This suggests the property may require less immediate updating compared to many older area homes, though a full inspection is always advised.
3. Is the assessed value a reliable indicator of the sale price?
The last sale was in 2021 for $32.5k, closely aligning with the current assessed value. This consistency indicates stable, modest value in the area. Buyers should note that assessed value is for tax purposes and market conditions ultimately determine sale price.
4. Who might this property not be suitable for?
It may not suit buyers seeking a move-in-ready home with a large, modern interior footprint, as the living area is modest. Those prioritizing a brand-new build or a home in a more centrally trendy area might also look elsewhere.
5. What is the context of the "Elite" and "above average" rankings?
These rankings are specific to the Burrows-Keewatin neighbourhood. While the lot size is "Elite" locally, it is "above average" city-wide. This highlights that the property's key strength is its superior offering within its own, more affordable market segment.