Property Overview
This one-storey home at 503 Giroux Street in Winnipeg's Dufresne neighbourhood presents a practical and renovated living space. Its key appeal lies in being a well-maintained, move-in-ready property that offers solid value within its immediate area. The home features 818 sqft of living space, a renovated basement, and a detached garage on a standard city lot.
Key Characteristics & Ideal Buyer
This is a character home built in 1951 that has been updated for modern living, notably with a renovated basement. While its size is below the citywide average, it is quite typical for the Dufresne area, meaning it fits right into the neighbourhood's fabric. The assessed value of $270k is notably above average for Dufresne, suggesting the renovations and condition have been officially recognized, yet it remains priced below the Winnipeg city average. This creates a value proposition: you're getting a above-average home for the neighbourhood at a below-average city price.
The appeal is grounded in efficiency and location. It suits first-time homebuyers seeking a manageable, updated property without a massive footprint or yard to maintain. It would also attract downsizers looking for a single-level layout with modern finishes and the flexibility of a finished basement. A thoughtful perspective is that this home offers "neighbourhood equity"—its value metrics are strongest within its own community, making it a stable choice for someone committed to living in Dufresne, rather than chasing city-wide averages.
Frequently Asked Questions
1. How does the home's size compare to the neighbourhood?
At 818 sqft, the living area is slightly below the Dufresne average (~1,031 sqft) but ranks around the middle of the pack (Top 63%) for similar homes in the area, indicating a comfortable, standard size for this locale.
2. Why is the assessed value higher than the neighbourhood average?
The home's assessed value of $270k is above the Dufresne average for comparable properties. This typically reflects recent renovations (like the basement update) and overall condition, as assessed for municipal taxation purposes.
3. What does the sale history indicate?
The property last sold in December 2017 for $22,300. This very low sale price, compared to its current assessed value, strongly suggests the property was significantly renovated or rebuilt after that date, transforming it into its current state.
4. Is the lot size a constraint?
The land area of 3,425 sqft is standard for Dufresne and provides a typical urban yard. It is smaller than the citywide average, which is expected for an established neighbourhood, but is not an outlier for the area.
5. Who might this property not suit?
Buyers seeking a large, sprawling home or extensive outdoor space may find it limiting. Its size and lot are geared toward efficient living. Similarly, those prioritizing a home with value metrics that lead the entire city may prefer newer suburbs, whereas this home's strength is its standing within its established community.