Property Overview: 495 Airlies Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home in the Robertson neighbourhood, built in 1950. Its primary appeal lies in its generous 5,012 sqft lot, which is significantly larger than many in the area, offering ample outdoor space for gardening, play, or expansion. The 748 sqft living area is modest but ranks well above average for the immediate street, suggesting a relatively spacious interior compared to its closest neighbours. It features a detached garage and a basement that is present but not renovated, representing both storage potential and a future project.
The home suits first-time buyers or practical investors looking for a land-value proposition in a well-established area. Its above-average lot size and living area for the street offer a sense of space that can be hard to find at this price point. The unrenovated basement and overall vintage condition mean it’s ideally suited for a buyer comfortable with gradual updates, allowing them to add value over time. A thoughtful perspective is that while the home itself is of average age for Winnipeg, it is newer than most on its street, potentially indicating slightly more modern construction than immediate neighbours.
Frequently Asked Questions
1. What does the assessed value tell me?
The assessed value is for municipal tax purposes and is typically lower than market value. It indicates the home is in a lower price tier, but the sale price will be determined by current market conditions.
2. How does the lot size compare practically?
At over 5,000 sqft, the lot is a standout feature. It’s larger than 76% of lots in the wider neighbourhood, providing rare potential for outdoor activities, adding a deck, or future additions where zoning allows.
3. What should I know about the "unrenovated" basement?
This means the basement is in original or functional condition but not modernized. It’s usable for storage and utilities, but finishing it would be a project. Ensure to check for moisture issues and the condition of foundational elements during an inspection.
4. How does this home rank for living space on its street?
It ranks in the top 13% on its street for living area. This means that compared to the homes directly around it, this property offers more interior square footage, which is a relative advantage in the immediate area.
5. Who are the typical buyers in this market segment?
This property typically attracts value-conscious buyers prioritizing land size and location over move-in-ready finishes. It’s often a first home, a long-term investment property, or a purchase for someone planning to customize renovations themselves.