Property Summary: 389 Cairnsmore Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home in Winnipeg's Robertson neighbourhood, built in 1926. Its key appeal lies in a combination of modest size, a recently renovated basement, and a surprisingly generous 3,000 sqft lot for the area, placing it in the top half of its street for land size. With a living area of 600 sqft, the house itself is efficient and manageable, potentially suiting first-time buyers, downsizers, or investors looking for a character home with lower maintenance. The detached garage adds practical storage or workshop space.
The property’s assessed value is notably low relative to recent sale prices in the area, which may indicate potential value or require further investigation. Its strongest rankings are for its lot size and its age—being newer than most in its immediate vicinity—which can be positives for foundational integrity. This home likely suits a pragmatic buyer who values outdoor space over expansive square footage, and who is prepared for the nuances of maintaining a century-old home. The renovated basement adds functional living space, a significant advantage in a home of this era.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture control, or permitted work are not provided. This would be a key area for a home inspection and questions for the seller.
2. How does the low assessed value compare to the expected listing price?
The home is assessed at $17,800, but sold for $22,100 in mid-2022. This discrepancy is common and suggests the market value is higher than the city's assessment, which is based on prior data. Buyers should base their offer on recent comparable sales, not the assessment.
3. Is the 600 sqft living area workable for a small family?
The layout and the presence of a finished basement will be crucial. The main floor living space is compact, so the functionality of the basement and the upper half-storey will significantly determine the home's capacity for a household.
4. What are the implications of the home being 100 years old?
While the structure has proven durability, major systems like wiring, plumbing, and the foundation may be original or partially updated. The "newer than most" ranking is a relative positive, but a thorough inspection for an old house is essential.
5. The lot is large for the street. What are the possibilities?
The 3,000 sqft lot offers valuable outdoor space for gardening, recreation, or storage. It may also present future potential for additions or upgrades, subject to local zoning bylaws and regulations.