Property Summary: 72 Athlone Drive

Section 1: Key Characteristics & Appeal

This well-established one-storey home in Winnipeg's Booth neighbourhood sits on a generous 6,602 sqft lot, offering more outdoor space than most in the immediate area. Its key features include a renovated basement and a detached garage. Built in 1963, the home presents a solid opportunity for buyers seeking a grounded, no-frills property with clear potential.

The primary appeal lies in its balance of space and value. The lot size is a significant asset, ranking in the top 39% on its street, which is notable for an inner-city neighbourhood. This provides room for gardening, play, or future expansion. The renovated basement adds immediate functional living space without the need for initial work. While the living area is modest, its assessed value suggests it may be priced accessibly compared to many homes in Winnipeg, potentially offering an entry point into a stable community.

This property would suit practical buyers—first-time homeowners, downsizers, or investors—who prioritize land size and a solid foundation over modern finishes. It’s for someone comfortable with a home that has character and may benefit from gradual updates, appreciating the lower property taxes that come with its current assessment. A thoughtful perspective is that its average rankings in many categories signal a "middle-of-the-road" property in its locale, which can mean less competition and a chance to add value in a neighbourhood that isn't at the extreme peaks or valleys of the market.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified with a viewing, a renovated basement in a home of this era usually means it has been finished into a livable space, potentially including insulation, drywall, flooring, and possibly a secondary living area or bedroom. It’s important to check the quality of the renovation and for any moisture issues.

2. How does the lot size compare meaningfully?
At over 6,600 sqft, the lot is larger than 79% of properties in Winnipeg. On Athlone Drive specifically, it's in the top 39%. This is a standout feature for the area, offering more privacy and outdoor utility than many neighbouring homes.

3. What is indicated by the assessed value being lower than nearby similar properties?
The home's assessed value for tax purposes is $40,800, which is below the neighbourhood average. This can result in relatively lower property taxes. It may also indicate the home is valued by the assessor based on its original structure and modest living area, not on recent market surges or high-end finishes, which could present a value opportunity.

4. Who is responsible for the detached garage, and what is its condition?
The garage is detached, meaning it is a separate structure. This offers flexibility but also means maintenance (roof, siding, door) is the owner's responsibility. Its condition, size, and wiring should be evaluated separately during an inspection.

5. The home is 63 years old. What should I be most concerned about?
Key focus areas for a home built in the early 1960s include the age and material of the plumbing and electrical systems, the foundation integrity, roof lifespan, and insulation levels. The renovated basement is a plus, but the renovation should be checked for proper permits and compliance with current building codes.