Property Overview

This 1956 one-storey home in Winnipeg’s Booth neighbourhood presents a practical and value-oriented opportunity. Its primary appeal lies in the combination of a generous, mature lot and a recently renovated basement, offering immediate livability and future potential. The home suits first-time buyers seeking an affordable entry into the market, downsizers looking for a manageable single-level layout, or investors interested in a property with solid fundamentals in an established area.

Key Characteristics & Appeal

The property sits on a large, approximately 6,000 sqft lot, providing ample outdoor space—a relative rarity that ranks in the top quarter for size on its street. The 816 sqft living area is efficiently sized and ranks highly within its immediate context. A key feature is the renovated basement, which adds functional space without the need for immediate work. While the home itself is of average age for the area, its lot size and updated basement are strong compensatory factors.

Its appeal is grounded in value and potential. For the price-conscious buyer, it offers a move-in-ready basement and a blank-canvas yard. A less obvious perspective is its statistical standing: the home consistently ranks in the top third of its neighbourhood for metrics like living area and recent sale price, suggesting it outperforms many nearby properties. It would suit a buyer who prioritizes land value and functional interior space over a modern or expansive main floor, and who sees the charm and possibility in a well-located, older character home.

Frequently Asked Questions

1. What does the neighbourhood ranking actually mean?
The rankings compare this property against all others on the same street, in the Booth neighbourhood, and across Winnipeg for specific metrics. For example, ranking in the "Top 25% in neighbourhood" for land area means the lot is larger than 75% of others in Booth, a significant advantage.

2. Is the house itself in good condition?
The listing confirms a renovated basement, suggesting recent updates there. As a 1956 build, the main floor systems (roof, wiring, plumbing) and structure would require a thorough inspection to determine their current condition and any needed updates.

3. Why is the assessed value different from the last sale price?
The 2024 sale price was $24.80k, while the assessed value is $29.10k. Municipal assessments for tax purposes often lag behind market fluctuations and may use different valuation models, so the sale price is a more current indicator of market value.

4. What is the detached garage like?
The listing notes a detached garage but does not specify its size or condition. This would be an important feature to clarify, as it offers storage or workshop space separate from the house.

5. Who might this property NOT suit?
It may not suit buyers seeking a modern, open-concept layout or extensive main-floor square footage. The living area is compact, and the home’s age likely means a more compartmentalized floor plan. Those unwilling to potentially update older components (like windows or heating) may also want to consider newer builds.