Property Overview & Key Characteristics

This one-and-a-half storey home in North River Heights presents a classic Winnipeg character property on a generous, mature lot. Built in 1947, it offers 1,228 square feet of living space and features a full, unrenovated basement. The land size of over 5,300 square feet is a significant asset, ranking in the top 25% for the neighbourhood, providing ample outdoor space and potential. Notably, its assessed value places it in the top 10% of its street, suggesting a solid foundation of value for the area.

Its primary appeal lies in its established location and the opportunity it represents. The lot size is a standout feature for infill potential or simply for enjoying a larger-than-average urban yard. It suits a practical buyer looking for a home in a sought-after neighbourhood, who is either comfortable with a property that retains its original basement condition or sees the unfinished space as a blank canvas for future projects. This isn't a move-in-ready modern showcase, but a grounded property where value is derived from location, lot size, and the chance to add personal touches over time.

Frequently Asked Questions

1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped roof lines, often creating cozy bedrooms with character. It’s a common and charming architectural style for Winnipeg homes of this era.

2. The assessed value is high for the street. Is that a concern?
A high assessment relative to neighbours can indicate the property is valued for specific attributes, like its large lot. It’s a data point to discuss with your real estate agent in the context of recent sale prices, not a direct indicator of market listing price.

3. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but unfinished space. It likely has foundational systems (furnace, water heater) and basic utility, but will require investment for finishing. View this as a project space that allows you to customize it to your needs later on.

4. How does the lot size compare to newer homes?
At over 5,300 sq ft, this lot is substantially larger than those found in many modern subdivisions. This is a key advantage for privacy, gardening, play space, or future expansion, and is a finite resource in established neighbourhoods.

5. The home is nearly 80 years old. What are the main considerations?
While offering charm and solid construction, a home of this age will have aging core components. A thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and foundation. Budgeting for ongoing maintenance and eventual updates is a realistic part of ownership.