Property Overview: 615 David Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1986 bi-level home in Crestview presents a practical opportunity with notable strengths in its lot size and location. Its primary appeal lies in its generous 6,747 sqft lot, which ranks within the top 15% of the neighbourhood, offering ample outdoor space for gardening, play, or future expansion—a valuable asset in established areas. The home itself, with 1,267 sqft of living space, is sized comfortably above the neighbourhood average. While the basement is noted as unrenovated, this provides a clear, cost-effective project for adding personalized value.
The property’s assessed value ranks highly within Crestview (top 3%), suggesting it is viewed favourably relative to nearby homes. This combination of a large, well-positioned lot and a solid, functional house structure makes it particularly suitable for buyers who see potential in a property they can tailor over time. It would suit a handy first-time buyer, a family looking for room to grow outdoors, or an investor seeking a property with strong fundamental value in a stable neighbourhood. A less obvious perspective is that the home’s 1986 build date, while not new, may offer more modern wiring and insulation than many neighbouring homes from the 1960s and 70s, potentially providing a balance of established charm and relatively newer core systems.
Section 2: Frequently Asked Questions
1. What does "bi-level" mean for this property?
A bi-level home typically features an entryway between two main living levels. You walk in to a landing, with stairs leading up to the main living areas (like kitchen, living room, bedrooms) and stairs leading down to a lower level, which often contains additional living space, utilities, and garage access.
2. The basement is "not renovated." What should I expect?
This indicates the lower level is in a functional, likely unfinished or partly finished state from its original construction. It presents a blank canvas but will require investment for modern finishes. It’s advisable to budget for this and inspect for any foundational or moisture issues common in older basements.
3. How significant is the lot size?
At nearly 6,750 sqft, the lot is a key feature. It’s substantially larger than many in Winnipeg and Crestview, providing rare privacy and space for a mature neighbourhood. This can be a long-term advantage for enjoyment, landscaping, or even future additions, subject to local bylaws.
4. The assessed value is $41.1k. Is that the purchase price?
No. The assessed value is for municipal tax purposes and is typically much lower than the market value (sale price). Market value is determined by what a buyer is willing to pay based on current conditions, recent comparable sales, and the home's specific features.
5. How does this home compare to others nearby?
Based on the data, this home has a larger lot and more living space than several comparable references in Crestview and Westwood. Its assessed value is also higher than most listed comparables, which often correlates with a larger or more updated property, though condition and specific features are the ultimate determinants.