Property Overview
1034 Dugas Street is a compact, one-storey home built in 1954 on a generously sized lot in Winnipeg's Maginot neighbourhood. Its key appeal lies in its balance of a renovated basement, a detached garage, and a land area that is larger than most in the city, offering potential for expansion or outdoor enjoyment. The home suits first-time buyers, downsizers, or investors looking for an affordable entry into the market with a solid foundation and the opportunity to add value over time. It's a practical choice for those who prioritize lot size and location over interior square footage, with the understanding that the living space is quite modest.
Key Considerations & FAQs
1. How small is the living area, really?
At 572 square feet, the main floor living area is among the smallest in the neighbourhood and city. This indicates a home where efficient use of space is essential, though the renovated basement and large lot provide crucial additional room for living, storage, or hobbies.
2. What does the "renovated basement" entail?
The listing confirms a renovated basement but does not specify the scope. A buyer should verify the quality, permits, and finish of this renovation, as it significantly adds to the home's usable space and overall value.
3. Why is the assessed value much higher than the last sale price?
The home was last sold in 2019 for $20,700, but is now assessed at $27,600. This increase likely reflects market changes and the noted basement renovation. It's important to note that the current assessed value remains well below the typical assessed values of most comparable nearby homes.
4. Is the large lot a benefit or a burden?
The 3,573 sqft lot is a standout feature, ranking in the top 20% in Winnipeg. This is a major asset for gardening, pets, or future additions like a deck or shed. Buyers should consider the ongoing maintenance required for a lot of this size relative to the small home.
5. What is the neighbourhood like?
Maginot is an established, mature neighbourhood. The home's age (1954) is newer than most in the area, but its very small size is atypical. The property offers a quiet, residential setting while being conveniently close to a variety of similar and slightly larger homes in both Maginot and neighbouring Windsor Park.