Property Overview & Key Characteristics
This 1975-built, one-storey home on a large 7,198 sqft lot offers a practical and spacious layout with 1,422 sqft of living space and a finished basement. Its key appeal lies in its established, quiet neighbourhood setting combined with strong city-wide metrics. The property ranks highly across Winnipeg for its lot size (top 15%), assessed value (top 9%), and recent sale history (top 14%), suggesting it is a substantial and competitive offering within the broader market. The home features a connected garage and presents as a classic, low-maintenance bungalow.
It would suit buyers looking for a solid, single-level living option with ample outdoor space, ideal for downsizers or those seeking ease of movement. The strong value rankings may also attract savvy investors or families looking for a home with proven appreciation in a mature community, who are prepared for the updates typical of a house from this era.
Frequently Asked Questions
1. What is the neighbourhood like?
While specific details aren't provided, the home's rankings offer clues. It surpasses 67% of homes in its immediate community for lot size but only 33% for overall size, indicating a neighbourhood with a mix of larger and more modest properties—a stable, established area.
2. How has the property's value changed?
The public transaction history shows significant appreciation, from $341,000 in 2017 to $530,000 in 2019, with a current assessed value of $578,000. This indicates strong past growth, but as always, current market conditions will determine the final sale price.
3. Is the basement included in the living area square footage?
No. The 1,422 sqft refers to the above-ground living area. The home also has a separate, finished basement, which adds additional usable space.
4. What might "typical for its age" mean for maintenance?
As a home built in 1975, prospective buyers should budget for potential updates or inspections of major systems like roofing, windows, plumbing, and electrical, which may be nearing or past their typical lifespan.
5. How should I interpret the competitive rankings?
These metrics compare this home to others on its street, in its community, and across Winnipeg. Its strongest advantages are its lot size and assessed value city-wide, suggesting its land and overall valuation are its most competitive features relative to the entire market.