Property Overview: 202 Leila Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home at 202 Leila Avenue in the Jefferson neighbourhood presents a solid opportunity centered on its generous lot and spacious interior footprint. Built in 1976, the house features 1,447 sqft of living space and a full, unrenovated basement, offering significant functional space and potential. Its standout characteristic is the 7,227 sqft lot, which ranks in the top 5% on its street and top 2% in Jefferson, providing exceptional outdoor space for gardening, recreation, or future expansion.
The appeal lies in its above-average living space for the immediate area and its elite-sized lot, combined with a manageable assessed value. It suits practical buyers looking for a home with room to grow into, where the value is in the land and the existing square footage rather than high-end finishes. It would be a strong match for a handy homeowner comfortable with gradual updates, a family desiring a large backyard, or an investor seeing long-term potential in a property where the land is a dominant asset.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should budget for potential updates, moisture-proofing, or finishing to suit their needs, but it represents a significant amount of usable space to develop.
2. How does the assessed value relate to market price?
The assessed value is a municipal figure for tax purposes. The last recorded sale was in 2019. Current market price is influenced by many factors beyond assessment, so consulting recent comparable sales is essential.
3. What are the implications of such a large lot?
While offering excellent privacy and space, a lot of this size may require more maintenance. It also presents opportunities not found with standard lots, such as adding a garage, workshop, or garden suite, subject to zoning.
4. Is the living space efficiently configured?
With 1,447 sqft on one floor, the layout is likely spread out. This can be ideal for single-level living but may mean longer travel distances within the home. Viewing the floor plan is key to understanding the flow.
5. How does this home compare to others on the street?
The data shows this home has more living space and a significantly larger lot than most neighbours. However, its year built and assessed value are around the street average, suggesting it's a sizeable but not over-improved property for the block.