Property Overview
This one-storey home at 728 Setter Street in Winnipeg's Heritage Park neighbourhood presents a specific and practical value proposition. Built in 1965, it features 1,040 sqft of living space, a renovated basement, an attached garage, and sits on a 5,197 sqft lot. The home's assessed value is notably below the average for its immediate street but aligns closely with averages for the broader Heritage Park area and the city overall.
Its appeal lies in its affordability and manageability. It’s a home that prioritizes function and lot potential over size or modern luxury. The renovated basement adds usable space, and the attached garage is a practical asset. This property would suit first-time buyers seeking an entry point into homeownership, downsizers looking for a single-level layout without a sprawling footprint, or investors interested in a property with a stable assessment in a well-established neighbourhood. A thoughtful perspective is that while it ranks below average on its own street for metrics like size and value, this can represent an opportunity to own in a location where other homes are typically more substantial, potentially benefiting from the surrounding property standards.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,040 sqft, the living area is below the average for both Setter Street and the Heritage Park neighbourhood. This makes it one of the more compact options in the immediate area, which is reflected in its pricing.
2. What does the assessed value tell me about this property?
The assessed value of $35,500 is below average for Setter Street but is very close to the neighbourhood average. This suggests the property is priced in line with the wider Heritage Park market, but may be positioned at a lower price point on its specific block.
3. The home was built in 1965. What should I consider?
While the basement has been renovated, the core structure is nearly 60 years old. Prospective buyers should budget for potential updates to major aging components like the roof, windows, or plumbing, which are typical for a home of this vintage.
4. Is the lot size a positive or a negative?
The lot is under 5,200 sqft, which is smaller than many in Heritage Park. This means lower maintenance, which is a plus for many. However, it also offers less space for large additions or sprawling outdoor amenities compared to some neighbours.
5. Where can I find the exact historical sold price?
The listing service provides sold price ranges based on public data. To obtain the exact sale price from its last transaction in November 2016, you must request it directly via the email link provided on the listing page. They provide this detail manually and do not use the request for marketing spam.