Property Summary: 189 Old Mill Road, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Birchwood offers a classic layout with modern updates, anchored by a generous 6,652 sqft lot. Its key appeal lies in a balance of space, location, and recent investment. The fully renovated basement adds significant functional living area to the 1,285 sqft main floor, creating flexible space for a growing family, a home office, or recreation. The attached garage and larger-than-average lot for the street provide practical convenience and outdoor potential.

The home suits buyers looking for a move-in ready property with room to grow on a quiet street. It’s particularly appealing to those who value a established neighbourhood with larger lot sizes, as this property ranks in the top 14% for land area on its street. The 2023 sale suggests a recent turnover, potentially indicating updated systems or decor. A thoughtful perspective is the home’s strong ranking for assessed value on the street (top 9%), which can signal solid long-term value retention in the area, even compared to its recent sale price. It’s an ideal fit for first-time buyers seeking space beyond a starter home, or downsizers wanting single-level living without sacrificing yard space or a sense of community.

Section 2: Frequently Asked Questions

1. How does the recent sale price compare to the current assessed value?
The home sold for $329,500 in May 2023, which is significantly higher than its current $35,600 assessed value for tax purposes. It’s important to note that municipal assessed values in Manitoba are often not a direct reflection of current market value and can lag behind recent sale prices.

2. What does the "Top 9% in same street" for Assessed Value mean?
This statistic indicates that this home’s municipal assessment is higher than 91% of the other 34 homes on Old Mill Road. This often reflects the property’s combination of lot size, living area, and renovations relative to its immediate neighbours.

3. Is the house older, and does that mean more maintenance?
Built in 1959, the home is 67 years old. While the renovated basement is a major update, prospective buyers should consider a thorough inspection to understand the condition of core components like the roof, wiring, and plumbing, which are typical maintenance points for homes of this era.

4. The lot is large for the street. What are the possibilities?
At over 6,650 sqft, the lot offers ample outdoor space for gardening, play, or entertaining. Depending on local zoning, there may be future potential for additions like a shed, deck, or even a suite (subject to city approvals). Its size is a key differentiator in the neighbourhood.

5. How does the neighbourhood ranking for "Sold Price" work?
The listing shows the home’s 2023 sale price ranked in the "Top 12% in neighbourhood," meaning it sold for more than 88% of similar recorded sales in Birchwood at that time. This suggests the property commanded a premium, likely due to its renovated condition and lot size, at the time of its last sale.