Property Overview & Key Characteristics
This is a compact, one-storey home on a standard city lot in Winnipeg's Central River Heights neighbourhood. Built in 1951, its primary appeal lies in its renovated basement and its location on a quiet, established street. With a living area of 936 sqft, it is notably smaller than most homes in the immediate area, positioning it as a more affordable entry point into a desirable neighbourhood. The detached garage and a land area just under 5,000 sqft offer typical city-lot utility and space.
Its strongest suit is for value-conscious buyers—first-time homeowners, downsizers, or investors—who prioritize location over square footage. The renovated basement adds functional living space, which helps offset the smaller main floor. A thoughtful perspective is that while the home ranks below average in size for the street, its assessed value is around average for the city, suggesting the land and location carry significant weight. This isn't a sprawling family home; it's a practical footprint for those who see the neighbourhood itself as a primary feature.
Frequently Asked Questions
1. Is the house actually smaller than most in the area?
Yes. The living area is 936 sqft, which ranks in the bottom 10% compared to other homes on Oxford Street and in Central River Heights. The home's layout and renovated basement are key to maximizing its usable space.
2. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the finishes or rooms. This would be a critical point to clarify with the listing agent to understand the home's full living potential.
3. How does the sale price from 2017 relate to today's value?
The home sold for $29,500 in early 2017. The current assessed value is $39,100. Market conditions have changed significantly since 2017, so neither figure should be taken as a current market price. They are useful for understanding historical context and assessment basis.
4. Is the lot size a pro or a con?
At 4,798 sqft, the lot is slightly smaller than the average for Central River Heights but is a very standard city lot size overall. It provides ample yard space for its size of home but isn't an unusually large or expansive property.
5. Who would this property not suit?
It would likely not suit buyers needing multiple bedrooms or large, open living areas on one floor. Growing families or those who regularly entertain large groups might find the main floor living space constrained without relying on the basement level.