Property Overview

This one-storey home at 400 Wallasey Street presents a compelling opportunity in Winnipeg's Booth neighbourhood. Its primary appeal lies in the combination of a generous, well-sized lot and a home that has seen thoughtful updates. The nearly 8,850 sqft lot is a significant asset, placing it in the top 30% for size on its street and the top 17% in the wider neighbourhood. This offers ample outdoor space, a rarity that provides room for gardening, play, or future expansion. The living area of 1,260 sqft is comfortably above average for the immediate street. A key modern feature is the renovated basement, adding valuable finished space. The attached garage is a practical benefit for prairie winters. While the home itself was built in 1976, its assessed value remains relatively moderate, suggesting a property that has been maintained without being over-improved for the area. It last sold in mid-2021 for $440k.

This property would suit a buyer looking for a solid, single-level floor plan with a move-in-ready basement and a standout yard. It’s ideal for those who value private outdoor space over a brand-new build, and for households seeking room to grow into the lot over time. The numbers suggest it’s a competitively positioned home within its own community, likely appealing to a practical buyer who sees the long-term value in land and livable space rather than just the latest finishes.

Frequently Asked Questions

1. What is the neighbourhood like?
Booth is an established Winnipeg neighbourhood. The property ranks highly (top 17%) for lot size within the area, indicating it's on one of the more spacious streets. The close proximity of similar-valued homes in areas like Varsity View and Elmhurst suggests a stable, mature community.

2. Is the price fair based on recent sales?
The home sold for $440k in June 2021. Current market conditions will determine today's value, but its assessed value of $41.9k (for tax purposes) is in the top 15% on its street, reflecting its relative standing. A key comparison is the nearby 350 Thompson Drive, which is smaller, older, and has a lower assessed value.

3. What does "renovated basement" typically mean here?
While specifics would require an inspection, in a 1976 home this usually indicates the basement has been finished into a livable space (e.g., rec room, bedrooms, bathroom) with modern drywall, flooring, and likely updated moisture protection. It's a major functional upgrade from an original utility space.

4. How does the age of the home (50 years) affect things?
A 1976 build means core systems (roof, windows, plumbing, electrical) are likely at or past their typical lifespan and may have been updated piecemeal. The renovated basement is a positive sign of investment. The lot size is the timeless feature here, often outweighing concerns about an older structure for many buyers.

5. Who might this property not suit?
It may not suit someone seeking a modern, open-concept layout without renovation work, as the original floor plan may be more compartmentalized. Buyers wanting a pristine, maintenance-free property or a very new neighbourhood feel might also look elsewhere. Its appeal is grounded in space and practicality over brand-new condition.