Property Overview
This 1951 one-storey home on a large, 5,587 sqft lot in Rossmere-B presents a practical opportunity. Its key appeal lies in the combination of a renovated basement and a detached garage, offering immediate utility and potential for a buyer comfortable with a home of this vintage. The living area is modest at 926 sqft, but the property ranks highly for its generous lot size, placing it in the top 5% on its street.
The profile suits a first-time buyer or an investor looking for a solid, no-frills property with a good land base in a stable neighbourhood. It’s also a candidate for someone planning a gradual renovation, as the core structure and lot provide a strong foundation. A less obvious point is its assessed value, which is notably lower than some nearby comparable listings, potentially indicating room for value growth or a different tax perspective worth investigating.
Frequently Asked Questions
What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, or moisture control are not provided. This would be a key area for a professional inspection.
How does the assessed value compare to the likely asking price?
The assessed value is listed at $31,400, which is typically for municipal tax purposes and often significantly below market value. A comparative market analysis would be needed to determine a realistic listing or sale price.
Is the large lot a benefit for future expansion?
The lot size is a standout feature. It could provide excellent outdoor space, garden potential, or future expansion possibilities, subject to local zoning and setback bylaws.
What is the significance of the home's age and rankings?
Built in 1951, the home is older than about 74% of Winnipeg properties. The rankings show that while the lot is large, the living area is smaller than most. Buyers should budget for age-related maintenance (roof, wiring, plumbing) while appreciating the character and established neighbourhood.
Why are the "Worth viewing" comparable properties relevant?
Listings like 467 Leighton Ave. and 219 Greene Ave. are suggested as worth viewing. They likely share similar neighbourhood appeal, vintage, or value propositions, helping you gauge the local market and see what different conditions or updates translate to in price and presentation.