Property Overview & Key Characteristics

This 1958 one-storey home on a large 6,029 sqft lot in Winnipeg's Booth neighbourhood presents a solid, value-oriented opportunity. Its primary appeal lies in the combination of a renovated basement and a lot size that ranks in the top 8% for its street, offering more outdoor space than most nearby properties. The detached garage adds practical utility. While the living area is modest and typical for its era, the home’s assessed value sits comfortably in the top quarter of the local area, suggesting a well-regarded location.

The property would suit first-time buyers or downsizers looking for a manageable single-level layout with room to grow or entertain outdoors. It also appeals to value-focused buyers who prioritize a move-in-ready basement and a larger-than-average lot over a newer build date or extensive square footage. A thoughtful perspective is that this home represents a balance: it offers the space and maturity of an established neighbourhood without the premium price of a fully modernized property, leaving room for personalization over time.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified with the listing agent, a renovated basement in a home of this era often means updated finishes, such as drywall, flooring, and lighting, creating a functional living, recreational, or utility space. It's important to confirm the quality of the renovation and check for any updated moisture protection or insulation.

2. How does the 68-year-old building age affect the home?
The year built (1958) means buyers should anticipate maintenance consistent with a mature home, such as attention to the original roof, windows, or plumbing. However, the building age ranks newer than 93% of the neighbourhood, indicating it is actually among the more recent constructions in an established area.

3. Is the large lot a benefit for future expansion?
The 6,029 sqft lot is a significant asset. It provides ample yard space and, subject to local zoning bylaws and permits, could potentially allow for future additions like a larger garage, garden suite, or extension, which is a rare find in many city neighbourhoods.

4. The assessed value is $290k; is this the sale price?
No. The assessed value is for municipal tax purposes and serves as a market indicator. The sale price is set by the seller and can be higher or lower based on market conditions, the home’s specific features, and recent upgrades not reflected in the assessment.

5. What is the neighbourhood feel like?
Located on Ness Avenue, this property is in a long-established residential area. The high ranking for lot size on the street suggests a streetscape with spacious, well-spaced homes, offering more privacy than newer, denser subdivisions. Proximity to nearby identical-value homes in various neighbourhoods suggests a stable, middle-value area.