968 Lagimodiere Boulevard

Property Overview: 968 Lagimodiere Boulevard, Holden

Key Characteristics & Buyer Appeal

This one-and-three-quarter storey home in Holden presents a straightforward opportunity, particularly suited to those valuing land and location over square footage. Its key appeal lies in its generous 6,157 sqft lot, which is notably larger than many properties in the immediate area and across Winnipeg. This offers significant potential for gardening, expansion, or simply enjoying more private outdoor space.

Built in 1913, the home is a character property with a compact 832 sqft living area. Its assessed value is modest, positioning it as an accessible entry point into the market. The appeal here is pragmatic: it’s a home for a buyer comfortable with the needs of an older structure, who sees the value in the land itself and is possibly looking for a project. It would suit a first-time buyer, an investor, or someone seeking a downsizing option where the lot size provides a sense of space the interior footprint does not. A less obvious perspective is that, while its living area and age rank below city averages, its above-average lot size in this location represents a finite asset that is increasingly difficult to find, offering a form of long-term value that modern builds on smaller lots do not.

Frequently Asked Questions

1. What is the actual sold price from July 2024?
The public records show a sold price range of $15.50k to $18.50k for that transaction. For the exact figure, you can request the precise sold price history via email from the listing source.

2. Is the home in need of major renovation?
Given its age (1913) and below-average assessed value for the city, buyers should budget for updates and maintenance typical of a 110+ year-old home. A thorough inspection is essential to understand the condition of major systems.

3. How does the detached garage and lack of basement impact utility?
The detached garage provides storage or parking but may lack modern insulation or power. The absence of a basement limits storage and mechanical space, which is an important consideration for utilities and personal belongings.

4. The lot is large, but what are the restrictions on its use?
While the lot size is a standout feature, any plans for additions, outbuildings, or significant landscaping must comply with local zoning bylaws. Checking with the city regarding setbacks and permitted structures is a recommended step.

5. How does the value compare to the neighborhood?
The home’s assessed value is below the average for both the Holden area and Winnipeg citywide. This suggests the property is valued more for its land than its current structure, which can represent an opportunity but also reflects the cost of potential updates needed.