Property Overview & Key Characteristics
This well-situated one-storey home in Sturgeon Creek is defined by its generous, mature lot and functional layout. Its primary appeal lies in the combination of a larger-than-average 5,498 sqft property—ranking in the top 5% of the neighbourhood for land size—and a recently renovated basement, offering immediate livable space and potential. With a modest 1,110 sqft living area, the home prioritizes outdoor space over interior square footage, suiting buyers who value room for gardens, play, or future additions. The detached garage adds practical storage or workshop potential.
It’s an ideal match for first-time buyers or downsizers seeking a manageable single-level layout with a low-maintenance footprint, yet who don’t want to compromise on yard size. The renovated basement also makes it a practical choice for those needing a separate living area, a home office, or rental income potential. A thoughtful perspective is the home’s assessed value ranking, which is average for Winnipeg but the lowest on its street; this could indicate an opportunity for value growth in a well-established location.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The 5,498 sqft lot is a standout feature, ranking in the top 5% for size within the Sturgeon Creek neighbourhood, offering significantly more outdoor space than many comparable properties.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and permits should be verified by a home inspection and discussion with the seller to understand the scope of work completed.
3. Is the home’s assessed value a concern?
While the assessed value is the lowest on Alcott Street, it is near the neighbourhood median. This can reflect the home’s smaller main-floor living area and may represent a more accessible entry point into a desirable street.
4. What is the typical buyer for this type of home?
This property most often suits first-time homebuyers, downsizers looking for a single-level layout, or practical investors attracted by the renovated basement and the potential of a large lot.
5. How does the age of the home (1965) affect it?
Built in 1965, the home is of average age for its area. Buyers should focus on the condition of major aging components, like the roof, windows, and plumbing, which are more critical than the build year itself. The recent basement renovation may address some of these updates.