Property Summary: 276 Ainslie Street, Silver Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established two-storey home in Silver Heights sits on a large, mature lot over 5,300 sq ft, offering more outdoor space than most in the area. Built in 1918, its character is balanced by a renovated basement, adding modern functionality. The home’s living area is practical and in line with neighbourhood norms, while the detached garage provides flexible storage or workshop potential.
Its primary appeal lies in its established setting and lot size within a sought-after neighbourhood. The data suggests a home that has been maintained and updated, evidenced by a recent sale price that exceeded its assessed value—a sign of market confidence. It would suit buyers looking for a character home with room to grow, who value a prime location in Silver Heights over a brand-new build. It’s also a compelling option for those who appreciate a home with a sense of history and the stability of an older, well-regarded community, without needing to be on the cutting edge of interior design.
Section 2: Frequently Asked Questions
1. How does the age of the home (1918) affect ownership?
While the 108-year-old structure requires a diligent inspection, its age is a relative strength in this context. It places the home among the oldest and most established in Silver Heights, often indicating a solidly built core in a prime, early-developed part of the neighbourhood.
2. Is the assessed value an accurate reflection of the market price?
Likely not as a final sale price. The home sold for $36.5k in late 2023, which was approximately 8% above its assessed value at the time. This indicates the market often values this property higher than its official assessment, a positive trend for equity.
3. What does the "renovated basement" typically mean for a home of this era?
In a 1918 home, a renovated basement often addresses foundational concerns like moisture control, insulation, and modern electrical updates. It transforms a previously utilitarian or unfinished space into livable, functional square footage, which is a significant value-add.
4. How does the lot size compare to nearby properties?
The 5,336 sq ft lot is a standout feature. It ranks in the top 2% for size on Ainslie Street itself, meaning it offers notably more outdoor space than most direct neighbours, providing room for gardens, play, or expansion.
5. The living area is noted as "top 74% in the neighbourhood." What does this mean?
This ranking means the home’s interior size is larger than about 74% of homes in Silver Heights. It is not the largest, but it is comfortably above average for the area, offering more space than many comparable properties while maintaining a manageable footprint.