Property Overview & Key Characteristics

This well-situated Rossmere-A bungalow sits on a generous 5,790 sqft lot, offering more space than most in the immediate area. Its key appeal lies in a practical combination: a renovated basement adds functional living space to the 1,132 sqft main floor, while the detached garage provides flexibility for vehicles, storage, or a workshop. The home’s value proposition is underscored by its recent sale history; it sold significantly above the assessed value in 2023, suggesting buyers recognized merits beyond the official valuation. It ranks highly for lot size within its street and neighbourhood, indicating a premium outdoor space for its setting.

The property suits practical buyers looking for a solid, single-level living option with room to grow into the lot or developed basement. It would also appeal to value-conscious purchasers who see potential in a home that has already seen key updates, allowing them to avoid major immediate renovations. A less obvious angle is its appeal to those who prioritize a stable, established neighbourhood over a brand-new build, appreciating the character and mature landscaping that comes with a 1960s home.

Frequently Asked Questions

1. How does the recent sale price compare to the current asking price?
The home sold for $41,500 in April 2023, which was notably higher than its assessed value at the time. This indicates strong market interest. Any current listing should be evaluated against this recent sale and comparable properties.

2. What does having a "renovated basement" typically mean for a home of this era?
In a 1960s bungalow, a renovated basement often means converted space for additional living, recreational, or utility use. It’s crucial to inquire about the specifics of the renovation, including permits, moisture control, ceiling height, and the quality of finishes to understand its true value and functionality.

3. The lot is larger than average for the street. What are the implications?
A larger lot (5,790 sqft) provides more private outdoor space, potential for gardening, additions like a shed or deck, and generally feels less crowded. It can also be a future value driver in the neighbourhood. Check local zoning bylaws for any development potential.

4. How does the detached garage affect usability?
A detached garage offers flexibility, potentially creating a quieter main house and reducing concerns about fumes. However, it requires going outdoors to access your vehicle, which can be a consideration during Winnipeg winters. It also presents an opportunity for a separate workshop or studio space.

5. The home ranks highly for lot size but mid-range for year built and living area. What does this mean for a buyer?
This profile suggests you are purchasing primarily for the land and location within Rossmere-A, with a home that provides adequate, updated living space. The value is in the overall property package rather than a modern, sprawling floor plan. It’s a trade-off that favors outdoor space and neighbourhood stability over a newer or larger structure.