Property Overview
This two-storey home in Southboine offers a well-established family footprint on a generous, mature lot. Built in 1984, its key appeal lies in its above-average living space and a large, private yard that ranks highly within the wider city. The home features a finished basement and an attached garage, providing practical, flexible space. Its recent sale history shows steady appreciation.
It’s a property that would suit buyers looking for a move-in-ready home in a settled neighbourhood, who prioritize indoor and outdoor space over a brand-new build. It particularly appeals to those who see value in a home that has proven its market resilience over time, and who appreciate a lot size that offers room to breathe and garden—a feature becoming less common in newer subdivisions.
Key Questions for Consideration
1. How does the property’s condition compare to others of a similar age?
While the rankings show the home is newer than most in Winnipeg, its specific maintenance history, roof age, and major system updates (like HVAC or windows) would be important to investigate, as these are typical considerations for a home over four decades old.
2. What is the neighbourhood’s character and convenience like?
The home ranks in the top half of its immediate street for size and value, suggesting a consistent streetscape. Prospective buyers should explore the area’s amenities, schools, and traffic patterns firsthand to see if the location matches their daily lifestyle needs.
3. Why is the assessed value higher than the last sale price?
The current assessment is notably higher than the 2021 sale price. This doesn’t necessarily reflect a problem, but it’s wise to understand the municipal assessment basis and how it might compare to a current market appraisal and potential property taxes.
4. What does the “finished basement” entail?
The term can vary widely. Clarifying the finish quality, ceiling height, proper moisture control, and whether it includes a legal secondary suite or additional bedrooms is crucial for understanding the home’s true functional space.
5. Is there room for future updates or expansion?
The large lot is a significant asset. Buyers with a long-term view should inquire about zoning bylaws to understand the potential for future additions, like an extension, deck, or garage expansion, which could add substantial value.