Property Overview & Key Characteristics
This two-storey home at 104 Palms Boulevard in Tyndall Park presents a compelling blend of space, location, and established value. Its key appeal lies in its generous proportions, both indoors and out. The 1,847 sqft living area is notably larger than most homes in Winnipeg, and it sits on a substantial 10,135 sqft lot, offering ample room for family living, gardening, or future expansion. A renovated basement and an attached garage add practical, modern convenience.
The home’s strength is further highlighted by its standing within the community. It ranks in the top tier of its neighbourhood for lot size, living area, and assessed value, suggesting it is a well-regarded property in a desirable setting. Built in 1990, it is also newer than many area homes, potentially meaning fewer immediate updates. This property would ideally suit growing families or buyers seeking a spacious, established home without sacrificing yard space. It also appeals to value-conscious purchasers who prioritize a property that consistently ranks highly against its local and city-wide peers—a sign of enduring investment stability.
Frequently Asked Questions
How does the assessed value relate to the likely listing price?
The assessed value of $48,300 is for municipal tax purposes and is typically lower than market value. It serves as a useful benchmark showing the home is valued highly compared to neighbours, but the sale price will be determined by current market conditions.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, permits, the presence of a bathroom or kitchenette, and whether it is a legal suite, as this significantly impacts value and utility.
The lot is large. Are there any restrictions on its use?
With over 10,000 sqft, there is potential for additions, a large garden, or recreational space. It’s important to check City of Winnipeg zoning bylaws for any restrictions on secondary suites, outbuildings, or lot coverage before making plans.
How does this home compare to the nearby reference properties?
The provided comparisons show this home has a significantly larger living area and lot than most on the list. Notably, its assessed value is in line with homes that are often smaller or older, which may indicate a favourable value proposition or different assessment factors.
The home is in the top percentiles for the area. What are the trade-offs?
While it ranks excellently in size and value metrics, being a 1990-built home means it may soon require updates to major aging components like the roof, windows, or HVAC system. The high ranking confirms its assets, but a thorough inspection is always recommended.