Property Overview & Key Characteristics
This 1985-built, one-storey home in Southboine offers a practical and spacious layout on a large, 6,709 sqft lot. Its key appeal lies in its balance of established comfort and relative value within the broader Winnipeg market. The 1,597 sqft finished living space includes a developed basement, providing ample room for a growing family or those who appreciate single-level living with extra storage or recreational space. The attached garage and sizable yard are significant practical benefits.
Its competitive positioning is noteworthy: while it ranks in the middle of its immediate street and neighbourhood for size and value, it performs strongly city-wide, placing in the top 20-25% of Winnipeg for lot size and overall assessed value. This suggests you get more property for your dollar here compared to many areas. The home suits buyers looking for a move-in ready, low-maintenance bungalow in a mature neighbourhood, ideal for first-time homeowners seeking space to grow, downsizers wanting to avoid stairs, or investors attracted by a solid asset with a lot-size advantage in the city.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Southboine, and across all of Winnipeg. For example, being in the "top 20%" city-wide for lot size means 80% of Winnipeg properties have a smaller lot, highlighting a key strength of this property.
2. Is a 41-year-old home a concern?
While the home is mature, its rankings show it is newer than about 68% of homes in Winnipeg, indicating it's in a relatively updated area. A thorough inspection is always advised, but the age is typical for a well-established neighbourhood with character and mature landscaping.
3. The community ranking for size is lower; is the neighbourhood less desirable?
Not necessarily. The lower ranking within Southboine itself (top 57%) simply means there are many larger homes in this specific community, which is often a sign of a desirable, established area. The strong city-wide rankings confirm you are getting a above-average property.
4. What are the pros and cons of a one-storey layout?
The major pro is accessible, single-level living which is ideal for many lifestyles. A potential con is that the footprint consumes more of the lot, but here the lot is very large, mitigating that common downside and preserving ample yard space.
5. How should I interpret the assessed value?
The assessed value of $489,000 is for municipal tax purposes. It is a data point that shows the home is valued in the top 20% city-wide, but the final market price is determined by current buyer demand and the condition of the home.