Property Overview & Key Characteristics

This is a well-established, single-storey home in Winnipeg's Birchwood neighbourhood, built in 1958. Its primary appeal lies in its generous, mature lot of nearly 7,900 sq ft—a significant size that ranks highly within the city. The home itself features a renovated basement and an attached garage. While the living space is modest at 1,229 sq ft, the property offers substantial outdoor potential and a sense of space that is increasingly rare.

The home would suit a practical buyer looking for a solid foundation in a quiet neighbourhood. It’s ideal for a first-time homeowner comfortable with a property of this vintage, or a downsizer seeking a manageable single-level layout with a large yard for gardening or privacy. The renovated basement adds valuable flexible space for a growing family, a home office, or a recreation room. A thoughtful perspective is that this property represents a land-value opportunity; the lot itself is a standout asset in a city where large, established plots are finite, offering future potential that the current living area might not immediately suggest.

Frequently Asked Questions

1. What does the ranking data for the lot size actually mean?
The data indicates the property's lot is larger than 88% of all residential lots in Winnipeg, placing it in the top 12% city-wide. This is the home's most statistically standout feature, suggesting exceptional outdoor space compared to the typical property.

2. The home was last sold in 2017. What might that indicate?
The 2017 sale price was significantly lower than the current assessed value, reflecting market appreciation over seven years. The fact that it has not been resold frequently could suggest a period of stable ownership, which often correlates with consistent maintenance.

3. How does the living area compare to nearby homes?
At 1,229 sq ft, the living area is smaller than some direct neighbours, like the comparable property on Olive Street listed at 1,722 sq ft. This highlights a trade-off: you are acquiring a larger-than-average lot with a more compact living footprint.

4. What is the significance of the renovated basement?
In a single-storey home of this size, a finished basement effectively doubles the usable living space. This renovation is a key functional upgrade, providing crucial extra rooms that the main floor may not have.

5. Are the "Similar Assessed Value" properties good comparables?
They are useful for understanding municipal tax assessment peers, but not necessarily for market value or livability. These listed properties are in different neighbourhoods (like Elmhurst or Varsity View), underscoring that this home’s assessed value is shaped heavily by its substantial lot size within its own location.