Property Overview: 327 Shelley Street, Winnipeg

Key Characteristics & Appeal

This one-storey home in Kirkfield presents a practical opportunity with a few standout features. Built in 1960, the 1,147 sqft house sits on a notably large 7,027 sqft lot, which ranks in the top 10% for size on Shelley Street. This generous outdoor space is the property's clearest advantage, offering ample room for gardening, play, or future expansion. The home itself has a renovated basement, adding functional living space, and includes a detached garage.

Its appeal lies in its solid positioning within the local market. The assessed value is above average for the immediate street, suggesting the property is viewed favorably relative to its closest neighbors. While the living area is average for the area, the combination of the renovated basement, large lot, and a stable, established neighborhood creates a balanced offering. This property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It's also a sensible fit for a buyer who values potential over perfection—someone willing to live with an older home's layout while appreciating the long-term value and flexibility provided by such a large parcel of land.

Frequently Asked Questions

1. How does the lot size compare to others in Winnipeg?
The lot is significantly larger than average, ranking in the top 17% city-wide. This is one of the property's strongest assets.

2. What does the "above average" assessed value on the street indicate?
It suggests that, according to municipal assessment, this property holds more value than many on its own block. This can be due to a combination of its larger lot, renovations, and overall condition.

3. Is the living space smaller than similar homes in Kirkfield?
At 1,147 sqft, it is slightly below the Kirkfield area average of 1,362 sqft for comparable homes. However, the renovated basement effectively adds to the usable living area.

4. What is the typical price history for this home?
Based on available data, it last sold in July 2016 for a price between $30.5k and $33.5k. The current assessed value is $37.70k.

5. Are there any immediate red flags from the public data?
The data shows no obvious red flags. The home is of a typical age for the neighborhood, and its assessed value has risen steadily since its last sale, aligning with broader market trends. As with any older home, a thorough inspection is recommended.