Property Overview: 916 Somerset Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2016, offers a compelling blend of modern construction and established neighbourhood charm. Its primary appeal lies in its above-average size and relative newness within its setting. With 2,500 sqft of living space on a 7,196 sqft lot, it ranks in the top 3% for size on its street and top 1% within the wider neighbourhood. The attached garage and unrenovated basement provide practical space and future potential.
The property suits buyers seeking a move-in ready, modern home without sacrificing lot size, a combination sometimes hard to find in newer subdivisions. It’s particularly well-matched for growing families or professionals who value space and a home that won’t require major immediate updates. A thoughtful perspective is its positioning: it offers newer infrastructure and efficiency compared to many neighbouring homes, while its assessed value suggests it sits in a desirable tier for the area, potentially offering a balance between investment and comfort.
Section 2: Frequently Asked Questions
1. What is the significance of the property’s rankings?
The rankings (e.g., top 1% in the neighbourhood for living area) are comparative metrics. They highlight that this home is larger, newer, and has a higher assessed value than the vast majority of homes in its immediate and surrounding areas, indicating a premium position within the local market.
2. The basement is noted as “not renovated.” What does this mean?
This indicates the basement is finished to a basic, functional level but may lack high-end finishes or customizations. It presents usable space as-is, but also offers a blank canvas for future renovation to suit a buyer’s specific tastes and needs.
3. How does this home compare to others on the street?
The data shows it is one of the newest (top 6%), largest (top 3%), and highest-assessed (top 3%) homes on Somerset Avenue. This suggests it is a standout property on the street in terms of scale and modern build.
4. What can nearby property listings tell me about the area?
The provided comparisons show a mix of much older, smaller homes and a few very new, larger ones. This indicates a neighbourhood in transition or with varied housing stock, where this property sits at the newer and more substantial end of the spectrum.
5. Is the assessed value the same as the market value?
No. The municipal assessed value ($73.30k) is for taxation purposes and is typically lower than current market value. It is a useful benchmark for comparing properties against each other, as seen in the “similar assessed value” list, but the final sale price is determined by the market.