Property Overview

This 1960-built, one-storey home in Winnipeg’s Booth neighbourhood presents a solid opportunity for a specific type of buyer. Its primary appeal lies in the combination of a very large, 8,888 sqft lot and a recently renovated basement, offering significant potential for expansion or outdoor enjoyment. The 1,340 sqft living area is above average for its immediate street. Historically, the property has shown strong value appreciation, having sold for $470k in late 2021—a price that ranked highly compared to most sales in Winnipeg at the time.

The home would suit a buyer looking for a land-rich property where the value is anchored in the lot size and future potential, rather than a move-in-ready showpiece. It’s ideal for someone with renovation or expansion plans, or who prioritizes substantial private outdoor space over features like a garage. The data suggests it’s a property that has outperformed many of its local peers in terms of value growth, indicating a well-regarded location within the broader area.

Key Considerations & FAQs

1. What does the ranking data actually mean?
The percentile rankings show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, its lot size is in the top 9% city-wide, meaning it’s exceptionally large. Its last sale price was in the top 22% for Winnipeg, indicating it achieved a strong price point.

2. The assessed value is much lower than the 2021 sale price. Why?
Municipal assessed value for tax purposes ($43.10k) is often significantly lower than market value and is not a current appraisal. The 2021 sale price of $470k is a far more accurate reflection of its recent market value.

3. What are the less obvious pros and cons here?
A thoughtful perspective: the huge lot is a major asset, but it also means higher maintenance and potentially higher property taxes relative to the home's size. The renovated basement adds liveable space, but the overall building is a modest one-storey from 1960; the value is heavily weighted toward the land itself.

4. Is the lack of a garage a significant issue?
This depends on the buyer. For some, it’s a drawback. For others, the massive lot provides ample space to add a garage or workshop in the future, turning an absence into a customization opportunity.

5. What does the sales history suggest about the area?
The fact that its 2021 sale ranked in the top 7% for the neighbourhood suggests that specific pockets within Booth are highly desirable. The close proximity of several other homes on the same street with similar high assessed values indicates a consistent and stable area.