Property Overview & Key Characteristics

This 1959-built, one-storey home in Rossmere-B sits on a generous, nearly 5,000 sqft lot, offering a classic Winnipeg bungalow layout with 1,262 sqft of living space and a detached garage. Its primary appeal lies in its solid foundation and significant potential. The home presents a straightforward opportunity for buyers looking to add value through updates, as the basement is noted as unrenovated. The lot size is a standout feature, ranking in the top 29% for the street, providing ample outdoor space or future expansion possibilities in a well-established neighbourhood.

This property is ideally suited for a first-time buyer or an investor comfortable with a project. It offers an entry point into a stable neighbourhood with the chance to customize and build equity over time. A thoughtful perspective is that the home’s assessed value is consistent with the area, suggesting it’s priced for its as-is condition, making it a practical canvas rather than a move-in-ready showpiece. Its appeal is for those who see the value in the land and the structure’s good bones, rather than in immediate modern finishes.

Frequently Asked Questions

1. What does "basement, not renovated" typically mean for a home of this era?
It generally indicates a functional but dated space. Expect a finished or partially finished basement with older materials, flooring, and fixtures that may require updating for modern use and aesthetics.

2. How significant is the lot size here?
Very. At 4,896 sqft, the lot is larger than many in the immediate area (top 29% on the street). This is a key asset, offering more privacy, yard space, and potential for additions like a garden, deck, or even future expansion, subject to zoning.

3. The home is older; what should I prioritize in an inspection?
Given the age, focus on the core systems: roof, foundation, plumbing, electrical, and heating. An inspection will confirm if these are sound and functional, which is more critical than cosmetic updates for long-term viability.

4. How does the assessed value relate to the likely selling price?
The assessed value ($29,200) is for municipal tax purposes and is typically lower than market value. It serves as a baseline. The selling price will be influenced by current market demand, the home's condition, and the value of similar recently sold properties in Rossmere-B.

5. Is the detached garage a pro or a con?
This depends on your priorities. It provides flexible storage or workshop space separate from the house. However, it means accessing your vehicle in the winter without the convenience of an attached garage. For some, this trade-off is worthwhile for the additional usable outbuilding.