Property Summary: 45 Athlone Drive

Section 1: Overview & Appeal

This well-situated one-storey home in Winnipeg’s Booth neighbourhood presents a solid opportunity. Its key characteristics include a generous 7,750 sqft lot, placing it in the top tier for land size both on its street and in the wider area. The 1,859 sqft living area is also notably spacious, ranking within the top 20% for the street. The home features an attached garage and a renovated basement. Built in 1964, it sits in a mature, established area.

The primary appeal lies in its space and established location. The very large lot offers significant outdoor potential, while the above-average living space provides room to grow. The renovated basement adds immediate functional value. The property’s assessed value ranks exceptionally high locally (top 3% on the street), suggesting it is viewed as a premium property within its immediate context.

This home would best suit buyers looking for a grounded, spacious property in a mature neighbourhood without needing to undertake major structural renovations. It’s ideal for those who value a large private yard and who may prioritize land size and interior space over a newer build date. The strong assessment value also indicates it could appeal to buyers interested in long-term stability and established community character over trendier, rapidly developing areas.

Section 2: Key Questions (FAQs)

1. What does the high assessed value relative to the street mean?
The assessed value is in the top 3% for Athlone Drive, significantly higher than many neighbours. This typically reflects the property’s larger lot and living area, the renovated basement, and its overall condition as evaluated for municipal purposes. It suggests this is considered one of the more substantial homes on the block.

2. How does the 1964 build date impact the home?
A home from this era often comes with mature landscaping and larger lot sizes. Buyers should budget for updates consistent with its age, such as windows, roof, or major systems, while appreciating the character and established neighbourhood feel that comes with it.

3. The last sale was in 2020 for $38.5k, but the assessed value is now $50.1k. Why the large difference?
The 2020 sale price appears to be an outlier, as even the 2017 sale was for $330k. The $38.5k transaction likely was not a standard, arms-length market sale (e.g., a transfer between family members). The assessed value and prior 2017 sale price are more relevant indicators of its market value.

4. What is the significance of the lot size rankings?
Ranking in the top 71% on the street and top 68% in the neighbourhood for lot size means this property has a larger yard than most homes around it. This is a less common find in mature areas and offers privacy, recreation space, or expansion potential that many nearby properties lack.

5. Who might the “renovated basement” appeal to most?
Beyond adding living space, a finished basement in a one-storey home is particularly valuable. It can create a distinct zone for teenagers, a private in-law suite, a home office, or a dedicated hobby area, effectively adding a second living level to the home’s layout.