43 Agassiz Drive

Property Summary: 43 Agassiz Drive

Section 1: Overview & Appeal

This well-situated one-storey home in Winnipeg’s Agassiz neighbourhood presents a compelling opportunity. Its key characteristic is a generous 7,853 sqft lot, placing it in the top quarter of properties on its street and in the wider city for land area. This sizable, private yard is a standout feature in an established area. The home itself, built in 1961, offers 1,331 sqft of living space and includes a renovated basement and an attached garage.

The appeal lies in a combination of space, location, and value. The property sits on a large lot in a mature neighbourhood, offering room for gardening, play, or expansion. Its assessed value of $460k ranks notably higher than its last sale price in 2016, suggesting significant appreciation and solid municipal valuation. This home would suit buyers looking for a single-level living layout with ample outdoor space, or those seeking a property in a established area with strong value metrics. A thoughtful perspective is that while the home’s living area is average for its locale, the premium lot size offers a foundation of value that smaller, newer lots cannot match, providing both immediate utility and long-term potential.

Section 2: Frequently Asked Questions

1. How does the lot size compare to typical properties?
The lot is a major asset at 7,853 sqft, significantly larger than average. It ranks in the top 22% on its street and top 12% across all of Winnipeg, offering rare outdoor space for the area.

2. The home was last sold in 2016. What does the price history indicate?
It sold for $380k in late 2016. The current assessed value of $460k indicates a strong increase in value over that period, reflecting market trends and improvements like the basement renovation.

3. Is the house older? What does the "rank by year" mean?
Built in 1961, the home is older than many in Winnipeg (ranking in the top 61% for age, meaning 61% of homes are newer). This is typical for mature neighbourhoods and often comes with well-established landscaping and larger lot sizes.

4. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home without any projects, or those who prioritize a top-ranked, newer building over a premium lot size. The single-storey layout also may not fit those needing multiple levels.

5. The "Sold" rank seems low. What does that mean?
The data shows the 2016 sale price of $380k ranked in the bottom 40% for Winnipeg at that time (top 103% on its street is an anomaly). This likely represented a good-value purchase then, which is contextualized by the subsequent rise in assessed value.