Property Overview & Key Characteristics
This is a well-established, single-storey home on a large, mature lot in Winnipeg. Built in 1964, its primary appeal lies in its generous 9,447 sqft property—a significant outdoor space that ranks in the top 7% of all lots in the city. The home itself features 1,120 sqft of living space with a finished basement and a detached garage. Its current assessed value of $428,000 reflects a strong position, ranking higher than 71% of Winnipeg homes.
The property suits buyers looking for a solid, no-fuss foundation in a quiet neighbourhood. It’s ideal for someone who values expansive yard space over a brand-new build, whether for gardening, children, or future expansion. The 2020 sale price of $362,000 suggests it has been a stable investment. This home would particularly appeal to practical buyers, downsizers seeking single-level living with room to breathe, or investors attracted by the lot’s inherent value and the home’s move-in-ready condition with a finished basement.
Frequently Asked Questions
1. What is the neighbourhood like?
The home ranks in the top half of its immediate community for lot size, value, and living area, indicating it is a solid, average-to-above-average property for the area. It’s a mature, established neighbourhood.
2. Is the lot size a major advantage?
Yes. The lot is notably large, surpassing 93% of properties in Winnipeg. This is the home's standout feature, offering rare potential for privacy, outdoor activities, or future landscaping projects.
3. How does the home’s age affect things?
Built in 1964, the home is older than most in its direct area and the wider city. Buyers should budget for ongoing maintenance typical of a home of this vintage, but this is balanced by the character and established lot that come with an older property.
4. What do the value rankings indicate?
The assessment value ranks higher than the home’s physical size or age, suggesting the municipal assessment places significant value on the property itself—likely the land. This can indicate good long-term value stability.
5. Has the property appreciated?
The assessed value has increased from its 2020 sale price of $362,000 to $428,000. While assessments are not market prices, this points to positive value trends in line with or exceeding broader market movements over that period.