Property Overview: 314 Holden Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This two-storey home, built in 1945, presents a solid opportunity in the Holden neighborhood. Its primary appeal lies in offering above-average space and land for the immediate area at a value-conscious price point. With 1,220 sqft of living space, it ranks in the top 9% on its street and top 12% in the wider Holden area for size, meaning it offers more room than most comparable local homes. This is complemented by a generous 6,148 sqft lot, which is larger than about 80% of properties in the neighborhood, providing valuable outdoor space or future potential.
A key, less obvious strength is the renovated basement, which adds functional living space not fully captured in the main square footage metrics. While the home's age is reflected in its below-average city-wide ranking for year built, its assessed value remains competitive and above average for its specific locale. This profile suggests a property that is a standout within its own community context, even if it appears more modest in city-wide comparisons.
This home would suit first-time buyers or practical investors seeking a character home with ample indoor and outdoor space in an established neighborhood. It’s ideal for someone who values a larger lot and more square footage over a newer build, and who is comfortable with the maintenance considerations of an older home. The renovated basement also makes it suitable for those needing flexible space for a home office, family room, or rental potential.
Frequently Asked Questions
1. How does the value of this home compare to others nearby?
The home’s assessed value is above average for both Holden Street and the broader Holden area, ranking in the top 18%. However, it's important to note that assessed values in this specific area are significantly lower than the Winnipeg city-wide average, indicating a more affordable neighborhood overall.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. Buyers should inquire about the quality of the renovation, whether it includes a proper moisture barrier, the ceiling height, and if any permits were obtained for the work.
3. The home sold in 2017 and 2020. Is that a concern?
The two sales in a relatively short period could indicate various things—from investor flipping to personal circumstances. It warrants asking about the reasons for sale and what changes or improvements were made between those transactions.
4. There's no garage. How is parking?
The listing notes no garage. Prospective buyers should verify on-street parking regulations, availability, and consider the cost and feasibility of adding a driveway or parking pad to the large lot if desired.
5. The home is older. What should I budget for maintenance?
Built in 1945, the home will likely require proactive maintenance. Beyond standard inspections, budgeting for potential updates to older plumbing, electrical systems, and the roof is prudent. The large lot, while a benefit, also entails ongoing upkeep.