Property Overview
This one-storey home on a mature, tree-lined street in Central River Heights presents a practical and comfortable living opportunity. Built in 1951, its key appeal lies in its established neighbourhood setting combined with a recently renovated basement, adding valuable modernized living space. The home sits on a 4,798 sqft lot, which is notably spacious for the immediate street and offers room for gardening or outdoor enjoyment. With a detached garage and a functional 1,203 sqft main living area, it suits first-time homebuyers, small families, or downsizers seeking a manageable property in a sought-after area without the premium for a larger, newer build. A thoughtful perspective is that while the house itself is average in size for the city, the lot size is a relative standout on its street, offering a balance of home and yard that can be harder to find in central neighbourhoods. The 2023 sale price of $490k positioned it above average city-wide, reflecting the enduring demand for River Heights locations.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 4,798 sqft lot is larger than many on Oxford Street itself, where comparable properties average about 5,699 sqft. It provides a more generous outdoor space than is typical for the immediate area.
2. What does "renovated basement" typically mean for a home of this era?
While specifics should be verified, in a 1951 home this usually indicates updated finishes, proper insulation, and legal egress to create a comfortable, functional living or recreational space, adding to the home's usable square footage.
3. Is the assessed value a reliable indicator of the expected sale price?
Not directly. The assessed value for municipal tax purposes is $40.40k, but the home sold for $490k in 2023. Assessment values and market sale prices operate on completely different scales and methodologies.
4. Who would this home suit best?
It's well-suited for buyers prioritizing location and lot size over a large or modern house. It’s a practical choice for those wanting a single-level layout (with additional basement space) in a central, established neighbourhood like River Heights.
5. How does the age of the home factor in?
Built in 1951, it is newer than the average home on its street but older than the Winnipeg city average. This suggests a mix of classic construction with likely some updated systems, though a thorough inspection is always recommended to understand the condition of the roof, wiring, and plumbing.