Property Overview

This 1977-built, one-storey home on a large 7,709 sqft lot in Southboine offers a practical and spacious family layout. Its key characteristics include 1,418 sqft of living space, a fully finished basement, and an attached garage. The appeal lies in its generous, private lot—a rarity that provides ample room for gardening, play, or expansion—combined with the move-in readiness of a single-level living space. It suits buyers looking for a grounded, long-term family home without the maintenance of multiple storeys, or those seeking a solid property with the potential to increase value through updates over time. A thoughtful perspective is its competitive ranking within Winnipeg for lot size (top 12%), suggesting a lasting asset in a city where large plots are increasingly scarce, even as the home itself presents a canvas for modernization.

Frequently Asked Questions

1. How does the age of the home (built in 1977) affect its condition and potential costs?
While well-maintained, a home of this age may have original major systems (like roofing, windows, or plumbing) nearing the end of their service life. A thorough inspection is advised to budget for any upcoming updates, which can also be seen as an opportunity to customize with modern efficiency.

2. The lot is significantly larger than average. What are the benefits and responsibilities?
The nearly 7,710 sqft lot offers exceptional outdoor space for recreation, gardening, or future additions like a deck or workshop. The trade-off is greater responsibility for landscaping, yard maintenance, and correspondingly higher seasonal upkeep costs (e.g., lawn care, snow clearing).

3. What do the provided rankings actually mean for value and livability?
The rankings compare this property to others locally. Its strength is its city-wide lot size ranking (top 12%), indicating a premium feature. Other rankings (like being in the top 70% for size in its neighborhood) suggest it's a comfortably average-sized home for the area, which can mean a good fit without overpaying for square footage.

4. Who might the finished basement best suit?
The finished basement adds valuable flexible space ideal for a growing family needing a recreation room, a home office, a separate area for teens, or accommodating extended family. It effectively increases the usable living area beyond the main floor's 1,418 sqft.

5. The assessed value is $456,000. How should a buyer use this figure?
The municipal assessment is for tax purposes and is one data point. The market value is determined by recent sales of comparable homes, current demand, and the property's specific condition. Use the assessment as a baseline, but rely on a comparative market analysis from your agent to guide an offer.