Property Overview & Key Characteristics
This one-and-a-half storey home in Sargent Park, built in 1941, presents a classic Winnipeg character property with notable updates. Its key appeal lies in a combination of solid fundamentals and relative value within the city. The 1,200 sqft home sits on a larger-than-average 3,544 sqft lot for the area and features a renovated basement and a detached garage. The data suggests it is a property of contrasts: while the home's age and living area are fairly typical for its immediate street, its lot size ranks highly within Winnipeg, offering valuable outdoor space or future potential. The assessed value positions it well against neighbourhood and city benchmarks, indicating a perceived solid value.
This home would suit a first-time buyer or practical investor looking for a move-in-ready character home with a major renovation (the basement) already completed. It also appeals to those who prioritize a larger lot in a central location over having a brand-new build. The strong lot size ranking is a less obvious but significant asset for anyone thinking long-term about outdoor living, gardening, or property value driven by land.
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, legal compliance, and moisture control should be verified through a viewing and inspection.
2. How does the assessed value relate to the likely listing price?
The assessed value is for municipal tax purposes and is typically lower than market value. The provided comparable listings with similar assessed values show a wide range of market prices, indicating that factors like condition, updates, and lot specifics will determine the final sale price.
3. The home is older; what should I be mindful of?
Built in 1941, potential buyers should pay special attention to the condition of major aging systems: the roof, foundation, plumbing, and wiring. An updated basement is a plus, but a thorough home inspection is essential.
4. What are the benefits of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. It may also be easier to modify or replace independently of the house in the future.
5. The lot ranks highly for size; what does that mean practically?
A lot size in the top 20% for Winnipeg means more private outdoor space than most city properties. This allows for larger gardens, recreational areas, or future additions like a deck, shed, or even a suite (subject to zoning bylaws and permits).