Property Overview

This 1959 one-storey home on a generous 5,217 sqft lot presents a practical and value-conscious opportunity in Winnipeg. Its key appeal lies in a balance of space, recent updates, and a price point that reflects its solid, no-frills character. The home features a renovated basement, adding valuable finished living area to the 1,084 sqft main floor. While it lacks a garage, the sizable lot offers ample outdoor potential.

The property’s strength is its relative value within its immediate context. It ranks above average for lot size and assessed value on its street and in the Booth neighbourhood, suggesting it’s a comparatively substantial holding in the area. It last sold in 2018, indicating a period of stable ownership. This home would suit first-time buyers seeking a move-in-ready foundation with room to grow, downsizers looking for manageable single-level living without a tiny lot, or value-focused investors attracted by the renovated basement’s income potential and the lot’s inherent utility.

A less obvious perspective is its appeal to those who prioritize outdoor space over elaborate interiors. The lot size is a significant asset in an older neighbourhood, offering room for gardens, storage, or expansion that is harder to find in newer subdivisions. Additionally, its "middle-of-the-road" rankings citywide suggest a property that isn’t overextended for its category, potentially offering a stable, grounded investment without the premium of a top-tier location.

Frequently Asked Questions

1. What does a "renovated basement" typically include?
While specifics require a viewing, this generally means the basement has been finished into livable space, such as rec rooms, additional bedrooms, or a suite, and includes proper flooring, walls, and ceilings meeting building standards of the time.

2. How significant is the lack of a garage?
For many buyers, this is a key consideration. The large lot does provide excellent space to add a garage or shed in the future, but the initial cost and inconvenience of parking without one should be factored into your decision and budget.

3. The home last sold in 2018. What does that indicate?
A six-year ownership period suggests the sellers were settled, which can sometimes point to consistent maintenance and a lack of "flip" mentality. It also provides a clear recent price benchmark for market comparison.

4. The assessed value is $290k, but it sold for $245k in 2018. Which is more relevant?
The 2018 sale price is historical. The current assessed value is the city’s estimate for tax purposes and is a useful data point, but the market sale price is determined by current conditions, buyer competition, and the property’s specific presentation.

5. The rankings show it's above average for the street but average for Winnipeg. How should I interpret this?
This highlights the importance of location context. It suggests you are getting a property that stands out positively within its immediate neighbourhood (a larger lot, higher value) but isn’t carrying the price premium of Winnipeg’s most in-demand areas. It’s a marker of local value.