Property Overview: 529 Giroux Street, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home in the Dufresne neighbourhood, built in 1952. With 728 sqft of living space, it is notably smaller than most Winnipeg homes, positioning it as a manageable, low-maintenance property. Its key updated feature is a renovated basement, adding functional space. The lot is a standard city size at just under 3,500 sqft and includes a detached garage.

The primary appeal lies in its affordability and practicality. The assessed value is modest and historically in line with the immediate area, making it a clear entry-point into homeownership. It last sold in 2018 for $22,500, suggesting a history as a value-driven investment. The home suits first-time buyers, downsizers, or investors seeking a straightforward, no-frills property with one major renovation (the basement) already completed. A thoughtful perspective is that its smaller scale offers lower utility costs and less upkeep, appealing to those prioritizing financial efficiency over space. While it doesn't lead in size or modern build year within its direct vicinity, it holds its own in terms of value for the street, representing a grounded, utilitarian option in the market.

Frequently Asked Questions

1. Is the home significantly smaller than others?
Yes. At 728 sqft, the living area is below the average for Winnipeg, Dufresne, and even Giroux Street itself. This confirms its status as a compact, efficient layout.

2. What does the "renovated basement" entail?
The listing specifies the basement has been renovated, but the scope and finish are not detailed. This would be a key point for a home inspection to understand the quality of the update and its contribution to the home's usable space.

3. How does the assessed value compare?
The assessed value of $26,500 is around average for Giroux Street and Dufresne, but well below the Winnipeg city average. This indicates the property is priced typically for its immediate locale, which is a more affordable area of the city.

4. What is the property's sales history?
It sold for $22,500 in March 2018 and for $19,800 in March 2017. This recent history shows it has been treated as a value property, with a modest increase over that one-year period.

5. Who might this property not suit?
It likely won't suit buyers needing multiple bedrooms, ample storage, or modern open-concept living. The smaller size and 1952 build suggest compartmentalized rooms and a need for potential updates beyond the basement.