Property Summary: 731 Sturgeon Road

Key Characteristics & Appeal

This 1966-built 3-level split home sits on a large, 4,199 sqft lot in Winnipeg's Booth neighbourhood. Its key appeal lies in a balance of space, recent updates, and value within a well-established area. The home itself offers 1,141 sqft of living space and features a renovated basement, adding functional living area. The property's standout feature is its lot size, which ranks in the top 4% of the neighbourhood, offering significant outdoor space relative to nearby homes—a notable advantage for gardening, play, or future expansion.

The home recently sold for $300,000, a price point that positions it as a practical entry into the market or a sensible downsizing option. It would suit first-time buyers seeking a manageable home with a move-in-ready basement, or value-focused buyers who prioritize land size over a brand-new build. The data suggests a "solid middle" proposition: it's not the newest or largest house on the street, but it offers above-average lot size and a renovated component in a stable location. A thoughtful perspective is that this property represents the tangible, updated post-war housing stock that forms the reliable backbone of many Winnipeg neighbourhoods, appealing to those who see potential in a good foundation rather than requiring a showhome.

Frequently Asked Questions

1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a home of this era and price point typically means it has been finished into a livable space, such as a family room, bedroom, or office, with proper flooring, drywall, and lighting. It implies the space is comfortable and functional, not merely a utility area.

2. How does the lack of a garage affect daily life and value?
The absence of a garage is a trade-off reflected in the price. It means relying on street parking and requires planning for vehicle protection in winter. For some buyers, the large lot could allow for adding a garage or carport in the future, which is a key consideration when evaluating the property's long-term potential.

3. The home is 60 years old. What should I be mindful of?
While the renovated basement is a plus, a home from 1966 will have original or aging core components. A thorough inspection should focus on the roof, windows, plumbing, electrical systems, and the foundation. The good ranking for its year built on the street suggests it is comparatively newer than many immediate neighbours.

4. The lot is large, but how is the neighbourhood?
The data shows the property ranks highly for lot size within its neighbourhood, but other metrics (like assessed value rank) are more average. This suggests Booth is an established, mixed area where larger lots from this era are common. It's wise to visit at different times to gauge traffic, noise, and overall street appeal.

5. Why is the assessed value ($26,200) so different from the sale price ($300,000)?
This is normal. Municipal assessed value is for taxation purposes and is often significantly lower than market value, which is determined by what a buyer is willing to pay based on recent sales, condition, and market demand. The sale price aligns with the current housing market, not the city's assessment.