Property Overview: 504 Shelley Street, Winnipeg
Key Characteristics & Appeal
This well-maintained, one-storey home in Kirkfield offers practical living in a mature neighbourhood. Built in 1984, it is notably newer than many surrounding homes, suggesting updated infrastructure and potentially fewer major maintenance concerns in the near term. With 1,120 sqft of living space and a renovated basement, it provides functional space for a small family, a couple, or a downsizer. The lot size of 5,611 sqft is generous for the street but slightly smaller than the Kirkfield average, offering manageable outdoor space.
The home’s primary appeal lies in its balance and condition. Its assessed value ranks above average for Shelley Street, indicating it is perceived as a solid asset within its immediate locale. It suits a value-conscious buyer looking for a move-in-ready home without the unpredictability of a much older property. It’s a pragmatic choice for those who prioritize a modernized foundation (like plumbing and electrical) over ornate character features, and who appreciate a neighbourhood with established homes and streetscapes.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $37,500 is for municipal tax purposes. The last recorded sale was between $30,500-$33,500 in 2020. Market conditions, the home’s updated condition, and buyer demand will determine the final sale price, which typically differs from the assessed value.
2. What does "renovated basement" imply?
While specifics aren’t listed, this generally means the basement has been finished into livable space, such as a rec room, office, or additional bedrooms. It’s advisable to confirm the scope of renovations, permits, and the basement’s moisture management.
3. With no garage, what are the parking options?
The property likely relies on driveway and/or street parking. Checking local bylaws for street parking permissions and observing typical parking availability on the street during visits is recommended.
4. The home is newer than most on the street. Is that an advantage?
Generally, yes. A 1984 build likely means more modern construction standards, wiring, insulation, and windows compared to the neighbourhood’s older stock (many from the 1960s). This can translate to better energy efficiency and lower immediate repair costs.
5. How does the lot size compare, and what does it mean for me?
At 5,611 sqft, the lot is larger than many city-wide but slightly below the Kirkfield average. This means you still have a good-sized yard for gardening or recreation, but with potentially less maintenance than the largest lots in the area.