Property Overview & Key Characteristics
This well-established, single-family home on a large, mature lot offers a classic and practical living proposition. Its primary appeal lies in a combination of space, location, and recent market validation. The nearly 7,500 sqft lot provides ample outdoor room—a notable asset in the city—while the fully finished basement effectively doubles the usable living space beyond the 1,096 sqft main floor. Built in 1970, the home is part of a stable, mature neighbourhood.
The property’s strength is underscored by concrete data: it ranks in the top 14% of all Winnipeg homes for lot size and its 2023 sale price placed it in the top 28% citywide, suggesting buyers have recognized its underlying value. It’s a home that trades some modern flash for enduring substance, suited for buyers who prioritize a generous yard over brand-new finishes. It would be an ideal fit for a young family seeking room to grow outdoors, a practical investor attracted by the desirable lot size and recent transaction history, or a downsizer looking for single-level living (ONE STOREY) without sacrificing property space.
Frequently Asked Questions
1. How does the 1970 build year affect the home?
While the home is not new, its systems and structure have stood the test of time. Buyers should budget for updates consistent with a home of this age, but can also appreciate the established neighbourhood and mature landscaping that comes with it.
2. The home ranks lower within its immediate community for size and value. Why?
This reflects the mix of housing in the area. The home is a comfortable size, but the community likely includes both newer, larger homes and smaller, older ones. Its high city-wide rankings indicate it holds its value well on a broader scale.
3. What does the fully finished basement add?
It significantly increases the functional living area, potentially providing space for a recreation room, home office, or extra bedrooms. This makes the home feel much larger than the main floor square footage suggests.
4. The assessed value is below the 2023 sale price. What does this mean?
Municipal assessments often lag behind the current market. The recent sale at $438,000 is a stronger indicator of the home’s market value, showing what a buyer was willing to pay under recent market conditions.
5. Who would this property not suit?
It may not be the best fit for someone seeking a modern, open-concept layout or a turn-key property requiring no immediate updates. The appeal here is more about land, location, and potential rather than contemporary style.