Property Overview: 24 Athlone Drive, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This is a well-situated, one-storey home in the Booth neighbourhood, built in 1965. Its primary appeal lies in its exceptional lot size—nearly 12,000 square feet—which places it in the top 5% of properties on its street. The home itself offers a renovated basement and generous living space (1,864 sq ft), ranking in the top 10% of the neighbourhood. With both an attached and a detached garage, it provides ample storage and workshop potential. The property’s current assessed value is notably high for the area, indicating strong official valuation.

The appeal is for buyers seeking space and established character over new construction. It perfectly suits a growing family or a multi-generational household that values expansive outdoor room for play, gardening, or future additions. The dual garages are a significant asset for hobbyists, tradespeople, or families with multiple vehicles. A thoughtful perspective is that this property offers "suburban-scale" land within a mature city neighbourhood, a rare combination that allows for privacy and creativity outdoors. It’s ideal for a buyer who sees the underlying value in the land and the solid foundation of the home, and who may be planning gradual updates to the interior over time.

Frequently Asked Questions

1. What does the high assessed value relative to the neighbourhood mean?
A high assessed value compared to nearby homes often reflects the property’s above-average lot size, living area, and improvements like the renovated basement. It suggests the municipality views it as a premium property on its street, which can be positive for equity, though it's important to compare this to current market valuations.

2. Is the 1965 build date a concern?
While the home is older, the data shows it is newer than over half the homes on its street. The renovated basement indicates some updates have been made. A buyer should plan for a thorough inspection to understand the condition of major systems (roof, plumbing, electrical) common to homes of this era.

3. How significant is the lot size practically?
At nearly three times the size of a standard city lot, it provides exceptional outdoor space. This allows for features like a large garden, a play area, a potential future workshop or studio, or even subdivision potential, subject to city zoning bylaws.

4. Why are there two garages, and what are the benefits?
The combination of an attached and a detached garage offers unique flexibility. The attached garage provides convenient, direct access to the home. The detached garage can serve as a dedicated workshop, studio, or secure storage for vehicles, tools, or recreational equipment without encroaching on daily living space.

5. The last sale was in 2019 for $36.7k. Why is that price so different from today's assessed value?
The 2019 sale price appears to be an outlier and may not represent a standard market transaction—it could have been a transfer between family members or sold with specific conditions. The current assessed value of $49,600 is a more relevant benchmark for its official valuation, though market price is determined by current buyer demand.