Property Summary: 507 Greenacre Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, well-situated bi-level home in Winnipeg's Kirkfield neighbourhood. Its key characteristic is its modest 728 sqft living area, which is notably smaller than most comparable homes in the immediate area, street, and city. This is balanced by a renovated basement, adding functional space, and a decent-sized lot of nearly 6,000 sqft with a detached garage. The home’s assessed value is around average for the street and city, suggesting it is viewed as a solid asset despite its smaller footprint.
The appeal lies in its efficiency and potential. It represents an affordable entry point into the market, particularly for those who value outdoor space and a garage over a large interior. The renovated basement effectively adds a second living level, making the home more practical than the main floor square footage alone would indicate. It would suit first-time buyers, downsizers, or practical investors looking for a lower-maintenance property without sacrificing yard space. A less obvious perspective is that its 1920 construction date, while making it one of the oldest on the street, may appeal to those who appreciate the character and solid build of an older home, provided they are prepared for the potential upkeep that comes with it.
Section 2: Frequently Asked Questions
1. Is the house actually too small?
While the living area is below average, the renovated basement significantly expands the usable space. It’s best suited for individuals, couples, or small families with efficient lifestyles.
2. Why is the assessed value relatively average if the house is smaller?
The assessment likely reflects the desirable lot size, the renovated basement, the detached garage, and the overall stability of the location, balancing out the smaller main living area.
3. What should I consider about a house built in 1920?
While offering charm, it’s important to investigate the age and condition of major systems (like plumbing, electrical, and the foundation) that may have been updated over time. The renovations to the basement are a positive sign of ongoing maintenance.
4. How does the lot size compare?
At just under 6,000 sqft, the lot is a strong feature. It’s larger than many city lots and provides ample private outdoor space, which is a valuable asset not fully captured by interior square footage.
5. What does the sold price history indicate?
The home sold in mid-2020 for a price range consistent with its assessed value. This suggests a stable, non-speculative market value for this type of efficient property in this location.