Property Overview
This 1982 two-storey home on a large 6,040 sqft lot offers substantial space and a strong value proposition in Winnipeg. Its key appeal lies in its generous 2,431 sqft of living area, which ranks within the top 5% of homes on its street and top 3% city-wide, providing ample room for a growing or multi-generational family. The property presents a classic "blank canvas" opportunity, featuring an unfinished basement that allows buyers to customize additional living space to their specific needs. While it lacks a garage or pool, its value is reflected in its above-average city-wide assessment ranking. The home suits buyers looking for a spacious, well-sized lot in a mature neighbourhood, who are comfortable with a property that has some update potential and are motivated by the long-term value of land and square footage in a competitive market.
Frequently Asked Questions
1. What does the "unfinished basement" mean for me?
It means the basement is a rough-in space with essential utilities likely in place, but without finished walls, floors, or ceilings. This is a significant opportunity to add customized living space, such as a rec room, home gym, or additional bedrooms, but it requires planning and investment.
2. How significant is the lack of a garage?
For some buyers, this will be a drawback requiring consideration for vehicle storage and winter convenience. However, the large lot size does offer potential for adding a garage or sheltered parking in the future, subject to local bylaws and budget.
3. The home is 44 years old. What should I be mindful of?
While the rankings show it's newer than many homes in the area, a home of this age will likely have had several major components, like the roof, windows, and HVAC system, replaced. A thorough inspection is crucial to understand the condition and age of these key systems.
4. The community and street rankings seem mixed. What does this indicate?
The home itself (by size, value, and age) ranks very well on its street and in Winnipeg overall. The lower community rankings for some metrics suggest the immediate neighbourhood may have a varied mix of property types and values, which is common in mature areas. It highlights the importance of viewing the property and street in person to assess its specific fit.
5. Is the assessed value a reliable indicator of the selling price?
The municipal assessment is a starting point for understanding value for tax purposes, but it is not a direct predictor of market price. Sale prices are determined by current market conditions, buyer demand, and the property's specific presentation. Consulting recent comparable sales in the area is essential.