Property Overview: 30 Emerald Grove Drive

Section 1: Key Characteristics & Appeal

This well-situated two-storey home in Winnipeg's Booth neighbourhood offers a blend of space, established character, and notable value. Built in 1967, it sits on a generous 7,195 sqft lot, providing ample outdoor space that ranks highly for its street. The home features 1,652 sqft of living space, a renovated basement, and an attached garage.

Its primary appeal lies in its strong performance as a long-term investment within its immediate community. The data suggests it is a standout property on its street and in its neighbourhood, particularly in terms of its recent sale price, which significantly outpaced comparable homes. This indicates a property that has been upgraded or is in a desirable micro-location. It would suit practical buyers looking for a solid, established home in a mature neighbourhood, especially those who value a large lot and are interested in a home with a track record of strong value retention and growth relative to its peers. A thoughtful perspective is that while the home itself is of average size for Winnipeg, its high rankings for lot size and recent sale price in its local context suggest it offers more scarcity and perceived value within its specific community than city-wide metrics might imply.

Section 2: Frequently Asked Questions

1. How does the sold price from 2022 relate to today's value?
The 2022 sale price of $580k ranked in the top 4% for the street and top 1% for the neighbourhood at that time, demonstrating the property's premium standing. Current market conditions will determine present value, but this history indicates a property that has previously commanded a top-tier price in its area.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point of clarification for the seller or listing agent to understand if it's a finished living space, a modernized utility area, or has legal suite potential.

3. The home is older; what should I consider?
Built in 1967, the core systems (roof, wiring, plumbing, windows) and the quality of the basement renovation will be important focal points for a home inspection to understand upcoming maintenance or modernization needs.

4. How are the property rankings calculated?
The rankings (e.g., "Top 21% in same street") compare this property's specific metric (like lot size or sale price) against all other properties on the same street, in the same neighbourhood, and across Winnipeg. A high rank means it scores well against its closest comparables.

5. The assessed value is much lower than the last sale price. Why?
Municipal assessed value for taxation purposes often lags behind the private market and uses a different valuation method. The significant gap here strongly suggests the market has consistently valued this specific property above its assessed tax value, likely due to improvements, location, or lot appeal not fully captured in the assessment.