Property Overview
33 Byron Bay is a well-situated, one-storey home in Winnipeg's Kirkfield neighbourhood. Built in 1960, it features 1,345 sqft of living space, a renovated basement, and an attached garage on a notably generous 7,854 sqft lot. Its assessed value of $380k ranks it among the top homes on its street.
Key Characteristics & Appeal
This home’s primary appeal lies in its established setting and above-average footprint relative to its immediate area. The lot size is a significant asset, offering ample outdoor space that is larger than most in Kirkfield and city-wide—a rarity for an inner-city property. The renovated basement adds functional living space, making the home feel larger than its main-floor square footage suggests.
It stands out on Byron Bay, ranking highly for both assessed value and living area compared to its direct neighbours. This suggests a property that has been maintained or updated to a standard that outpaces others on the street. The home would suit buyers looking for a solid, single-level layout in a mature neighbourhood, who value private outdoor space over a brand-new build. It’s particularly suited for those who appreciate a home with a strong relative value within its own micro-market, offering more land and a higher perceived value than surrounding properties.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in October 2023 for between $40.50k and $43.50k, which is significantly below its current $380k assessment. This large discrepancy should be clarified with a real estate professional to understand current market value.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes a separate entrance or additional bedrooms.
3. Is the large lot a benefit for future expansion?
The 7,854 sqft lot is well above average and could provide excellent potential for gardening, recreation, or even future additions, subject to local zoning bylaws.
4. How does the home’s age affect maintenance?
Built in 1960, the home is of an age where major systems (roof, plumbing, electrical) may need evaluation or updating, even if the basement has been recently renovated.
5. Why are the rankings for this property so varied?
The home ranks in the top tier on its own street for value and size, but closer to average city-wide. This indicates it’s a standout property in its specific locale, which can be an advantage for neighbourhood appeal and resale.