Property Overview & Key Characteristics
This 1911 one-storey home on a generous 5,002 sqft lot in Lord Roberts presents a classic Winnipeg character property with notable updates. Its key appeal lies in a combination of a large, desirable lot size—ranking in the top 15% for the neighbourhood—and a recently renovated basement, offering immediate livable space and potential. With a modest 905 sqft living area above ground, the home suits buyers looking for a manageable footprint with room to grow downwards or outwards, all within a well-established, central community.
The property would particularly suit a first-time buyer or downsizer who values a lower-maintenance single level, but who also wants the flexibility and equity-building potential that a large lot and a finished basement provide. It’s a practical entry point into a sought-after neighbourhood where land value is a significant driver. A thoughtful perspective is that while the home itself is compact, its lot size is a long-term asset that is increasingly rare, offering privacy and green space that newer infill properties often sacrifice.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. The last recorded sale was in 2016, so recent renovations and market changes are not reflected in that number.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, permits, and moisture control should be verified through a viewing and inspection.
3. Is the detached garage a pro or a con?
This depends on buyer preference. It provides secure storage and workshop space without sacrificing house footprint, but requires going outside in winter, unlike an attached garage.
4. The home is over 110 years old. What should I be mindful of?
While the basement is updated, the core structure, foundation, and major systems (like plumbing and electrical) may still be original or aged. A thorough inspection is essential to understand the condition and any upcoming maintenance needs.
5. The living area is smaller than many modern homes. How does the space feel?
The 905 sqft main floor is efficient. The appeal is supplemented by the renovated basement, which effectively doubles the usable living area, making the overall package more spacious than the above-ground square footage suggests.