Property Overview & Key Characteristics
This 1977-built, one-storey home on a large 6,501 sqft lot in Southboine offers a practical and spacious footprint. Its key appeal lies in its generous, fully finished basement and above-average living space (1,563 sqft), which together provide ample room for family life, hobbies, or flexible living arrangements. The property shows consistent strength in its city-wide rankings, particularly for its lot size, living area, and assessed value, placing it within the top 20-25% of Winnipeg homes in these categories. This suggests a solid, well-sized property relative to the broader market.
The home would suit buyers looking for a move-in ready, single-level living option with significant below-ground space for recreation, a home office, or an in-law suite. It’s ideal for those who value interior space and a sizable yard over a newer build. A thoughtful perspective is that while the home is older, its competitive rankings indicate it has been maintained in line with or better than many of its peers, offering a balance of established neighbourhood character and proven value retention.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1977, major components like the roof, windows, and mechanical systems may be at or nearing the end of their typical lifespans. A thorough inspection is recommended to budget for any upcoming updates, though its strong assessment value indicates it is in good relative condition.
2. What are the benefits of the fully finished basement?
It significantly increases the usable living area beyond the main floor square footage, offering potential for a family room, home gym, additional bedrooms, or income potential. This is a key feature that adds functional value.
3. The lot is large, but what does that mean for a buyer?
The 6,501 sqft lot provides excellent outdoor space for gardening, play, or entertaining. It also offers potential for future additions like a shed or deck, and typically holds long-term value. The trade-off is a greater responsibility for maintenance and yard work.
4. How do the provided rankings help me understand this property's value?
The rankings compare this home to others on its street, in Southboine, and across all of Winnipeg. Its position in the top 22% city-wide for assessed value and top 25% for living area suggests it is a competitively sized and valued property in the broader market, which can be reassuring for resale.
5. What is the neighbourhood (Southboine) like?
While specifics aren't detailed here, the home's community rankings show it is on a relatively larger lot and is newer than many on its street, but the overall neighbourhood has a mix of older and newer properties. Researching local schools, amenities, and traffic patterns would be a necessary next step.