Property Overview & Key Characteristics
This one-storey home in South Tuxedo is defined by its generous, nearly 10,000 sqft lot, offering a rare balance of space and established location. Built in 1981, the 2,002 sqft living area ranks highly for size within its immediate street and the wider city. Its appeal lies in this substantial land footprint, which provides exceptional outdoor potential and privacy in a sought-after neighbourhood. The home presents as a solid foundation, featuring an attached garage and a basement that awaits finishing to the next owner's taste.
The property would suit buyers looking for a long-term family home where the value is anchored in the land itself, with the house offering functional space to be updated over time. It's ideal for those who envision adding personal touches, expanding outdoors, or who prioritize lot size over a recently renovated interior. The significant difference between the recent sale price and the assessed value suggests a market recognition of this potential.
Frequently Asked Questions
1. What does the lot size actually offer?
At nearly a quarter of an acre, the lot is significantly larger than many in Winnipeg. This allows for extensive gardening, recreational space, potential additions like a large deck or workshop, and ample room for children and pets, all with a greater sense of separation from neighbours.
2. The assessed value is much lower than the sale price. Why?
Municipal assessments for tax purposes often lag behind current market values, especially in desirable areas. The sale price reflects what buyers are currently willing to pay for the combination of location, lot size, and home in today's market.
3. What does "basement, not renovated" imply?
It indicates the basement is unfinished or in a basic, original state. This is a key project area, but it also means there are no questionable DIY renovations to undo. A buyer has a clean slate to create additional living space, a rental suite, or a dedicated recreational area.
4. How does this home compare to others in South Tuxedo?
The data shows it sits in a mid-range position for the neighbourhood in terms of size and assessed value. Its standout feature is the lot size, which is a top-tier asset. Compared to nearby references, it offers a more manageable single-level layout on a larger parcel than some older, multi-storey homes.
5. Is the 1981 build date a concern?
While not a new build, a home from this era often incorporates modern wiring and insulation standards that are an improvement over much older stock. The key will be the condition of major systems (roof, HVAC, windows), which would be expected to be at or nearing their replacement cycle, a standard consideration for any home of this age.