Property Overview
This 1985 bi-level home at 226 Weitzel Street in Tyndall Park presents a practical and affordable entry point into the Winnipeg market. Its key appeal lies in a balance of recent updates and a manageable scale, set on a decently-sized lot for the area.
Key Characteristics & Ideal Buyer
The home’s main living area is compact at 770 sq ft, which ranks it among the smaller homes in the immediate area. This is offset by a renovated basement, effectively doubling the usable space, and a land area of 3,771 sq ft that is above average for the street. The lack of a garage is a common trade-off in this price range. Recent sales data shows it sold in 2022, and its current assessed value is positioned in the top third city-wide, suggesting it is viewed as a solid asset relative to its price point.
Its appeal is grounded in functionality and value. The renovated basement is a significant asset, offering flexibility for a family, a home office, or a rental suite (subject to permits). The above-average lot size provides room for gardening, play, or future expansion like a shed or deck. This property would suit first-time buyers seeking a liveable home without a major project, or investors looking for a stable rental property with modernized basics. It’s a home that prioritizes indoor-outdoor utility over sheer square footage, appealing to those who see potential in the land and finished lower level rather than a large main floor.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 770 sq ft on the main levels, the living area is notably smaller than many comparable homes in Tyndall Park, which often range from 800 to 1,150 sq ft. The renovated basement is a crucial factor, providing additional finished space.
2. What does the "renovated basement" typically include?
While specific finishes aren’t listed, a renovated basement in this context usually means it has been modernized for livability, likely including proper flooring, drywall, and possibly a secondary living area or bedrooms. Verification of permits for any structural or suite-related work is always advised.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value of $29,900 is for municipal tax purposes. The home last sold for $34,700 in 2022, and current market conditions will determine the listing price. The assessment does indicate the property is not among the lowest-valued in the city.
4. What are the implications of not having a garage?
This means parking will be limited to driveway and street parking. For Winnipeg winters, this involves factoring in the cost and hassle of seasonal plug-ins for a vehicle and clearing snow from a driveway.
5. The home is older—what major systems should be investigated?
Built in 1985, major components like the roof, windows, furnace, and plumbing are likely at or beyond their typical lifespan. A thorough inspection is essential to understand the remaining life and any imminent replacement costs for these systems.