116 Valley View Drive

Property Overview: 116 Valley View Drive, Heritage Park, Winnipeg

Section 1: Key Characteristics & Appeal

This 1966 three-level split home in Heritage Park offers a practical and grounded living opportunity. With 1,084 sqft of living space, it sits comfortably around the average for its street, neighbourhood, and city, presenting a manageable size for many households. A key feature is the renovated basement, adding modernized living space. The detached garage and a notably generous 6,872 sqft lot—which ranks above average for both the neighbourhood and city—provide valuable outdoor space and potential.

The home’s appeal lies in its established community setting and its balanced metrics. It’s not an outlier in size or assessed value, which can signal stability and predictability rather than over-improvement for the area. It would suit first-time buyers seeking a solid entry into homeownership with room to grow, or downsizers looking for a manageable property with a larger-than-typical lot for gardening or outdoor enjoyment. The renovated basement adds immediate utility without the need for a major project.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The home is consistently around average for its living area, year built, and assessed value on its street and in Heritage Park. Its standout feature is the land area, which is above average for the neighbourhood and city, offering a larger yard than many comparable properties.

2. What is the significance of the "renovated basement"?
While the details aren’t specified, a renovated basement typically means the lower-level living space has been updated. It’s important to clarify the scope, quality, and whether it includes a legal secondary suite or simply finished recreational space.

3. What can the sold price history tell me?
The home sold in June 2019 for an estimated range. This provides a historical benchmark, but market conditions have likely changed. The assessed value is a separate figure used for property tax calculation, not a direct indicator of current market value.

4. What are the considerations with a home built in 1966?
While the core systems may have been updated, a home of this age may still have original components like plumbing, electrical, or windows. A thorough inspection is recommended to understand the condition and anticipate any potential updates needed.

5. Who are the likely neighbours?
The listing shows nearby properties on the same street, suggesting a stable, established streetscape. The similar assessed values of comparison properties in other neighbourhoods indicate this home fits a recognizable value profile within Winnipeg.