12 Wedgewood Drive

Property Overview: 12 Wedgewood Drive

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Winnipeg's Agassiz neighbourhood presents a solid opportunity. Its key characteristic is a generous 7,195 sqft lot, placing it in the top 16% for size across Winnipeg, offering ample outdoor space rare in many city settings. The home itself features a renovated basement and a detached garage. Built in 1961, it is a classic, established property.

The appeal lies in its balance of space, location, and value. The large lot is a significant asset for gardening, recreation, or future expansion. The home ranks highly within its immediate street and neighbourhood for lot size and living area, suggesting it is a substantial property in its local context. Its assessed value is modest relative to the lot size, which may indicate potential for value appreciation.

This property would suit a buyer looking for a established neighbourhood character with room to breathe. It’s ideal for someone who values private outdoor space over a brand-new build, and for those who see potential in a home with a solid foundation and a renovated basement, possibly as a starter home or a long-term hold. A buyer comfortable with a home from the 1960s, who may prioritize land value and location over a modern turn-key interior, would find this compelling.

Section 2: Frequently Asked Questions

1. What does the ranking data (e.g., "Top 78% in same street") actually tell me?
These rankings compare this property against immediate neighbours and the wider city on metrics like lot size and age. For example, being in the "top 78%" for lot size on its street means only 22% of houses on Wedgewood Drive have a larger lot, highlighting this property's relative strength in outdoor space.

2. The home sold for $370k in 2019, but the assessed value is only $45.5k. Why the huge difference?
This is a common point of confusion. The $45.5k figure is the tax-assessed value used by the city for property tax calculations, which is often significantly lower than the actual market value. The 2019 sale price of $370k is a far better indicator of its true market worth.

3. The house was built in 1961. What should I be mindful of?
While the basement has been renovated, a home of this age may have original components like plumbing, electrical, or windows that could require inspection, updating, or budgeting for future maintenance. Its classic one-storey layout is practical but may have a different room flow than newer open-concept designs.

4. How does the detached garage impact usability?
A detached garage offers flexibility—it could be used as a workshop or studio without affecting the main house. However, it means navigating outdoors to access your vehicle, which can be a consideration during Winnipeg winters compared to an attached garage.

5. The lot is large, but what about the neighbourhood's overall feel?
The data shows the property ranks highly within Agassiz for lot size, suggesting it's in a spacious section of the neighbourhood. This often correlates with a more established, quieter streetscape with mature landscaping, but viewing the area in person is essential to confirm the vibe and proximity to amenities.