Property Overview: 756 Setter Street, Heritage Park, Winnipeg

Key Characteristics & Appeal

This one-storey home at 756 Setter Street is a practical, renovated bungalow situated on a standard residential lot in Heritage Park. Built in 1973, its key feature is a renovated basement, adding functional living space to the 1,262 sqft footprint. The home presents a straightforward value proposition: it is consistently rated as "around average" compared to both the wider city and the Heritage Park neighbourhood for its living area, assessed value, and year built. This statistical positioning suggests it is a typical, no-surprises property for the area.

Its appeal lies in its modesty and renovation. The updated basement offers immediate move-in comfort without the need for major projects, a significant advantage for those seeking simplicity. The lot size, while below average for the immediate street and neighbourhood, is still generous by city-wide standards, offering adequate outdoor space without extensive maintenance demands.

This property would suit first-time buyers or downsizers looking for an affordable, single-level living option in a mature neighbourhood. It’s also a sensible fit for value-focused investors or homeowners who prioritize updated essentials over premium size or location prestige. A less obvious perspective is that its "average" metrics across the board could represent a stable, lower-volatility investment in the housing market, insulated from the extremes of either highly sought-after or underperforming areas.

Frequently Asked Questions

1. How does the property’s size compare to nearby homes?
At 1,262 sqft, the living area is below average for Setter Street itself but aligns closely with the averages for both the broader Heritage Park neighbourhood and the city of Winnipeg as a whole.

2. What is the significance of the assessed value?
The assessed value of $35,600 is below average for the immediate street but around the middle range for the neighbourhood and city. It is a municipal valuation for tax purposes and is typically lower than market value; nearby recent sales provide a better gauge of current worth.

3. Is the renovated basement a full suite?
The listing confirms the basement is renovated but does not specify if it is a legal secondary suite. Buyers should verify its configuration and compliance with local regulations.

4. What is the parking situation?
The property has no garage. Parking would be via driveway or street, which is common for homes of this era in the area.

5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in the listing data. The provider offers to manually share this precise history via email upon request, at no cost and without marketing spam.