Property Overview & Key Characteristics

This 1959-built, one-storey home at 229 Wallasey Street presents a practical and appealing opportunity in Winnipeg's Booth neighbourhood. Its primary appeal lies in a combination of generous outdoor space and recent interior updates. The property sits on a large 5,216 sqft lot, which ranks in the top 10% for size on its street, offering significant potential for gardening, expansion, or simply enjoying private outdoor space—a notable asset. The living area (925 sqft) is also well above average for the immediate area, ranking in the top 11% on the street. A key modernized feature is the renovated basement, adding functional living space. The home is complemented by a detached garage.

The data suggests a home that balances comfort with value. It last sold in November 2022 for $41,100k, and its current assessed value is $34.70k. Its living space and lot size consistently rank highly within its local context, while its age and assessed value are more middle-of-the-road. This profile would suit a first-time buyer seeking a move-in-ready home with a large yard, a downsizer looking for manageable single-level living with room for hobbies, or an investor attracted by the renovated condition and solid fundamentals in the neighbourhood.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The 5,216 sqft lot is a standout feature, placing it in the top 10% for size on Wallasey Street. This is significantly larger than many neighbouring properties and is a major contributor to the property's appeal and potential.

2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope (e.g., finished living space, updated utilities, moisture management) is not detailed. This would be a key point for a home inspection and discussion with the seller to understand the quality and extent of the work.

3. Is the price consistent with recent sales in the area?
The home sold for $41,100k in late 2022. Its current assessed value is lower at $34.70k. This discrepancy is not uncommon and can be influenced by market shifts, specific upgrades, or assessment cycles. Reviewing recent sales of comparable homes in Booth is essential to determine current market value.

4. What is the neighbourhood ranking based on?
The rankings provided (e.g., Top 12% in neighbourhood) are relative comparisons for specific metrics like lot size or living area within the defined Booth area. They are useful for understanding how this property's tangible assets compare to its immediate surroundings, not a subjective quality-of-life grade.

5. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise or fumes from entering the home. However, it may be less convenient during Winnipeg winters compared to an attached structure. Its condition, size, and potential for conversion or workshop use should be considered.