Property Overview: 530 Giroux Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Dufresne presents a practical opportunity, particularly for its location. Built in 1922, it offers 1,196 sqft of living space, which is notably above average for both the immediate street and the Dufresne area. The property sits on a 3,423 sqft lot and includes a detached garage.

The primary appeal lies in its efficient use of space within a well-established neighborhood. While the home itself is older and the basement is noted as unrenovated, its living area is more generous than many direct comparables. This creates a value proposition: you get more interior space for the assessed value relative to the local area. The 2019 sale price suggests a history as an affordable entry point.

This property would suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who is comfortable with a home that requires updates. It’s for someone who prioritizes interior square footage and location over modern finishes or a large yard, and who sees potential in a classic layout with a solid foundational size.

Section 2: Frequently Asked Questions

1. What does "above average living area for the street" actually mean?
Compared to 42 similar homes on Giroux Street, this home’s living space (1,196 sqft) ranks in the top 21%, meaning it is larger than about 79% of its direct neighbors. The typical home on the street is closer to 974 sqft.

2. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value is for tax purposes. Notably, this home’s assessed value is modest compared to the Winnipeg city-wide average, but it is typical for the Dufresne area. The 2019 sale price of $270k is a more relevant historical data point, but current market conditions will determine today’s value.

3. What are the implications of the "unrenovated" basement?
This typically indicates the basement is in original or functional condition, but not modernized. It offers usable space and mechanicals (like the furnace), but any finishing or significant updates would be the responsibility of the new owner, representing both a project and an opportunity for customization.

4. How does the age of the home (1922) factor in?
A home from this era often features solid construction and classic layouts, but it likely requires careful attention to aging components like wiring, plumbing, and insulation. Its age is older than most on the street, so a thorough inspection is essential.

5. The lot size is noted as "below average" city-wide. Is that a concern?
The lot is smaller than the Winnipeg average, but it is very typical for the Dufresne neighborhood. This often means lower maintenance and is standard for the area’s character. It suggests the property’s value is driven more by the house itself and its location than by extensive outdoor space.