Property Overview

This two-storey home on a generous 7,195 sqft lot in Winnipeg’s Booth neighbourhood presents a classic and solid offering. Built in 1967, its key appeal lies in its established setting and recent updates, notably a renovated basement. With an attached garage and 1,636 sqft of living space, it offers practical family living. The property’s assessed value of $440k is notably higher than its last sale price in 2019 ($420k), indicating recognized appreciation.

Its appeal is grounded in space and stability. The lot size is well above average for the street, offering room for gardens, play, or expansion. The renovated basement adds immediate functional living space without the need for a major project. This home would suit first-time buyers looking for a move-in-ready property with room to grow, or downsizers from larger homes who still want a manageable yard and multi-level living. A thoughtful perspective is that while the home itself is of average size for the area, its standout asset is the land—a commodity that cannot be replicated in newer, denser subdivisions.

Key Details & FAQs

Key Characteristics & Appeal:

• Spacious Lot: The property's 7,195 sqft lot ranks in the top third of its street, providing significant outdoor space—a premium feature.
• Move-In Ready Basement: The already renovated basement adds valuable finished square footage for recreation, guests, or a home office.
• Established Neighbourhood: It sits in a mature area with a mix of well-kept homes, as suggested by its high ranking for assessed value within the neighbourhood (top 12%).
• Solid Value History: The steady increase from its 2019 sale price to the current assessment suggests stable market value in a desirable location.

Ideal For:
This home is well-suited for practical buyers who value space over a brand-new build. It fits first-time buyers ready for a home with a yard, or growing families seeking established community roots. It also appeals to those who want a traditional two-storey layout with the bonus of a finished lower level, avoiding the premium price of a fully modernized property.

Frequently Asked Questions

1. How does the lot size compare to others nearby?
The lot is 7,195 sqft, which ranks in the top 33% on its own street. This means it is significantly larger than many of its immediate neighbours, offering more private outdoor space.

2. Has the property been updated recently?
The listing specifically notes a renovated basement, which is a major update. The age of other systems (roof, windows, HVAC) and the main living areas should be verified through a viewing or inspection.

3. What does the "rank" information mean?
The rankings compare this property against others on its street, in its neighbourhood, and across Winnipeg for metrics like lot size and assessed value. For example, ranking in the "top 12%" for assessed value in the neighbourhood suggests it is considered more valuable than 88% of nearby properties, which can indicate a desirable location or above-average condition.

4. Is the price aligned with its assessed value?
The current assessed value is $440,000. It is common for listing prices to be set near or above this figure, but the final sale price is determined by the market. Its last sale was for $420,000 in mid-2019.

5. What is the neighbourhood like?
The Booth neighbourhood is an established part of Winnipeg. The high ranking for the property's assessed value within the area (top 12%) generally suggests it is on a desirable street among well-maintained homes, but visiting the area at different times is recommended to get a personal feel.