Property Overview: 51 Simkin Drive, Winnipeg

Key Characteristics & Appeal

This two-storey home in Leila-Mcphillips Triangle offers above-average space and a well-established setting. Its key characteristic is its generous 2,041 sqft of living area, which places it comfortably within the top 15% of homes locally and citywide. Complementing this is a substantial 6,780 sqft lot, providing ample outdoor space. The home features an attached garage and a renovated basement, adding functional living and storage areas. Built in 1988, it is a newer property compared to the Winnipeg average, potentially meaning fewer major age-related concerns.

The appeal lies in its balanced offering of size, land, and location. It’s a home that provides room to grow without being overly vast, situated on a quiet drive within a mature neighbourhood. The renovated basement adds immediate value and flexibility. This property would suit practical buyers—growing families or those who work from home and need dedicated space—who prioritize interior square footage and a sizable yard over a brand-new build. It’s also a sensible choice for value-conscious buyers looking for a home that already ranks well above average in its core metrics, suggesting a solid foundation for the investment.

Frequently Asked Questions

1. How does this home’s value compare to its last sale price?
The home sold in late 2019 for an estimated range of $395,000 to $425,000. Its current assessed value is $477,000, which is above average for the immediate area. This indicates significant appreciation, but a professional appraisal and market analysis would be needed to determine its current fair market value.

2. What is the neighbourhood like?
Leila-Mcphillips Triangle is a mature, established neighbourhood. The data shows homes here have a larger average living area and lot size compared to the city overall, suggesting a community of comfortable, family-sized homes. The specific street, Simkin Drive, appears to be consistent with this character.

3. Are there any notable features or recent updates?
The listing confirms a renovated basement, which is a significant finished space. Details on the scope, quality, or permits for this renovation, as well as the condition of major systems (roof, HVAC, windows) typical of a 1988 home, should be verified during a viewing and inspection.

4. How does the property rank compared to others?
The home consistently ranks "above average" in key categories. Its living space is in the top 14% locally, its lot size is in the top 19% citywide, and its assessed value is in the top 25-30% for the area. This positions it as a competitively sized property within its market.

5. What are the utility costs and property taxes?
This information is not provided in the data. Prospective buyers should inquire with the seller or the city for average utility costs (gas, hydro, water) for a home of this size and age, as well as the exact annual property tax amount based on the current assessment.