Property Overview: 256 Bushnell Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1893, is defined by its generous proportions and established Centennial neighbourhood location. Its primary appeal lies in its significant living space (2,256 sq ft), which ranks within the top 3% of homes in the area, offering rare interior volume for the neighbourhood. The property sits on a sizable 4,690 sq ft lot, providing ample outdoor space that is well above the local average.
The home suits buyers looking for a project with solid historic bones and clear potential. It’s ideal for someone who values space over move-in-ready finishes, as the basement is noted as unrenovated and there is no garage. The very low assessed value relative to the citywide average suggests a different value proposition here—this property appeals less to those seeking immediate modern convenience and more to practical investors, renovators, or large families who prioritize square footage and lot size within a mature community. A thoughtful perspective is recognizing that its "below average" citywide metrics aren't drawbacks for the right buyer; they represent an entry point into a character home with a footprint that is increasingly rare to find.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Living Area actually mean?
It means this home's interior square footage is larger than 97% of comparable properties in the Centennial neighbourhood, making it exceptionally spacious for the area.
2. Why is the assessed value so much lower than the citywide average?
Assessed values are for municipal tax purposes and are influenced by many factors, including age, condition, and specific location. This home's lower assessment likely reflects its age (1893) and unrenovated state compared to the average, newer Winnipeg home.
3. Is the lack of a garage a major concern?
It depends on your needs. While many newer homes include garages, many older character homes in established neighbourhoods do not. The large lot does offer potential for adding parking or a garage, subject to local bylaws.
4. The home sold for $180k in 2017. How should I interpret that price today?
That sale price is a historical data point. The market has changed since then, and the current value will be determined by present-day market conditions, any changes made to the property, and its condition at the time of a new sale.
5. How significant is the unrenovated basement?
This indicates the basement is in original or functional condition but not modernized. It represents both a current limitation for finished living space and a clear opportunity for future improvement to add significant value.