Property Overview
This 1977-built bungalow at 18 McCallum Crescent offers a practical and comfortable living space in Winnipeg's Southboine area. Its key appeal lies in being a well-established, single-level home on a large, mature lot—a combination that is increasingly sought after. With 1,376 sqft of finished living space, including a developed basement, and a double attached garage, it provides the essentials for family living or downsizing. The nearly 6,500 sqft lot is a significant asset, offering ample outdoor space for gardening, play, or future expansion.
The property suits two primary types of buyers: those looking for a move-in ready bungalow without stairs, ideal for empty-nesters or retirees; and value-conscious families or first-time buyers seeking a home with generous yard space in a mature neighbourhood. Its rankings suggest it's a solid, middle-of-the-road property within its immediate area but stands out more at the city-wide level for its above-average lot size and overall value assessment. The 2016 sale price provides a useful benchmark, indicating steady market appreciation.
Frequently Asked Questions
1. How does the property's age affect its condition and potential costs?
Built in 1977, the home is approaching 50 years old. Buyers should budget for updates to major aging components like the roof, windows, or HVAC system. A thorough inspection is crucial, but the home's age also means it's situated in a well-established neighbourhood with mature landscaping.
2. What does the "developed basement" include?
The listing confirms the basement is finished, adding to the home's usable living space. It's important to clarify the specific rooms (e.g., bedroom, recreation room), ceiling height, and whether it has a separate entrance or legal suite potential, as this significantly impacts value and utility.
3. Is the lot size a major advantage here?
Yes. At over 6,400 sqft, the lot is larger than 77% of properties in Winnipeg. This is a key differentiator, offering rare space for privacy, recreation, or future projects like a deck, shed, or even an addition, which is hard to find in newer subdivisions.
4. What do the various ranking percentages actually mean?
They show how this property compares to others. For example, its lot size ranks in the top 23% city-wide (very strong), but its living area is smaller than 66% of Winnipeg homes (more average). This indicates you're primarily buying for the land and location, with a comfortable but not oversized house.
5. How does the 2024 assessed value relate to the likely selling price?
The $456,000 assessment is a municipal valuation for tax purposes, not a market appraisal. Given it ranks higher than 75% of city homes for assessed value, it suggests solid underlying worth. However, the final sale price will be determined by current market conditions, demand for the area, and the home's specific features and condition.