Property Overview
This 1956 one-storey home on a large 4,832 sqft lot in Shaughnessy Park presents a practical opportunity. Its key appeal lies in the combination of a renovated basement, a detached garage, and an above-average lot size that ranks in the top 13% for the street. With 912 sqft of living space, the house itself is more compact, ranking in the lower third for size on the street, which suggests a focus on efficient living or potential for expansion. The property’s assessed value sits comfortably in the top third for Winnipeg, indicating a stable, established standing.
It would suit a first-time buyer looking for a manageable home with immediate updates, an investor interested in a property with a strong lot value and rental potential from the basement, or a downsizer seeking a single-level layout with outdoor space and a garage. The neighbourhood rankings show the property is in a relatively newer and more valuable segment of its area, offering a sense of relative stability.
Frequently Asked Questions
Q: How does the lot size compare to typical properties in Winnipeg?
A: The lot is significantly larger than average, ranking in the top 40% city-wide. This is a standout feature, offering more outdoor space than many comparable homes.
Q: The living area is noted as 912 sqft. Is the home small for the neighbourhood?
A: It is below the median size for the street, ranking in the bottom 73%. This indicates a more compact main floor plan, which is offset by the renovated basement providing additional finished space.
Q: What does the assessed value ranking tell me?
A: Ranking in the top 28% in Winnipeg, the assessed value suggests the property is viewed as more substantial than a majority of homes in the city, which can be a positive indicator for long-term value.
Q: The home was built in 1956. Is that a concern?
A: While 70 years old, it ranks as newer than about two-thirds of homes on its street and in its neighbourhood. This relative age suggests potentially fewer immediate major upkeep issues compared to many heritage-area homes nearby.
Q: Are the "for reference" properties direct comparisons?
A: Not exactly. They are listed for their similar assessed value, but many are in different neighbourhoods like Westdale. This highlights that the assessed value aligns with homes in various areas, but local factors like lot size and renovation state create the specific value here.