Property Overview

This two-storey home on a large, mature lot in Winnipeg's Agassiz neighbourhood presents a classic and solid housing option. Built in 1963, its primary appeal lies in its established setting, generous outdoor space, and a recently renovated basement. The property is well-suited for buyers looking for a character home with room to grow, who value a quiet street and a lot size that ranks in the top 9% locally. It would particularly fit a young family seeking a long-term home with space for children and gardens, or a practical buyer who appreciates the value and potential in an older, well-maintained structure over a brand-new build. A thoughtful perspective is that while the home itself is of average size for the area, the lot represents a significant asset that is increasingly rare, offering privacy and future flexibility that newer subdivisions often lack.

Key Details & FAQs

• Key Characteristics: A 1,658 sqft two-storey with an attached garage, situated on an 8,803 sqft lot. It features a renovated basement and was last sold in November 2022.
• Lot & Location: The property's standout feature is its land, which is larger than 91% of lots on its street and within Winnipeg overall. It sits on a quiet, established street.
• Value Context: With a current assessed value of $45,300, it sits in a similar range to several properties in the Elmhurst area, providing a benchmark for comparison.

Frequently Asked Questions

1. What is the true advantage of such a large lot?
Beyond simple bragging rights, a lot of this size (over 8,800 sqft) in an established neighbourhood offers long-term flexibility. It provides ample space for gardening, recreation, and privacy from neighbours. It also potentially allows for future expansions like a large deck, shed, or even an addition, subject to local bylaws.

2. The home was built in 1963. What should I be mindful of?
While the renovated basement is a positive update, a home of this age will have original core systems. A thorough inspection should focus on the roof, windows, plumbing, and electrical wiring to understand their condition and timeline for any potential updates. The charm of older construction comes with the responsibility of proactive maintenance.

3. How does the last sale price from 2022 relate to today's value?
The home sold for $43,900 in late 2022. This recent transaction provides a clear, concrete data point for the market value at that time. The current assessed value is close to that sale price, but the actual market value today will be influenced by broader market conditions, any further improvements made, and buyer demand.

4. The rankings show the living area is only in the top 74% on its street. Does this mean the house is small?
Not necessarily. This ranking indicates the home's interior size is fairly typical for the street, not exceptionally large. The appeal here is balanced: you get a comfortably sized house paired with an exceptionally large lot. It's a trade-off that prioritizes outdoor space over interior square footage.

5. Who would this neighbourhood, Agassiz, typically appeal to?
Agassiz is an established, mature neighbourhood in Winnipeg. It typically attracts buyers looking for stability, tree-lined streets, and a sense of community that has developed over decades. It's ideal for those who prefer a settled, quiet environment over the buzz of a brand-new development.