Property Overview: 142 Mahonee Drive

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Springfield South presents a compelling blend of space, updates, and strong community standing. Its key features include a renovated basement, an in-ground pool, and an attached garage, all on a generous lot that ranks in the top 17% for size on its street. With 1,533 sqft of living space, the home is larger than the majority of comparable properties in both the neighbourhood and wider Winnipeg.

The appeal lies in its move-in readiness with modernized spaces, coupled with the luxury of private outdoor recreation. The data suggests a home that has been a strong performer; its last sale price in 2022 placed it in the top 3% of sales on its street, indicating it is a desirable property in its immediate area. This home would suit buyers looking for a single-level layout, those who value established neighbourhoods with larger lot sizes, and families or entertainers who appreciate the rare combination of a renovated basement and a private pool.

A less obvious perspective is its apparent value stability. The home’s assessed value is notably higher than several nearby reference properties, and its last sale significantly outpaced neighbourhood averages. This suggests it may possess intangible qualities or specific upgrades that are consistently recognized in the market.

Section 2: Frequently Asked Questions

1. How does the pool impact insurance and utility costs?
An in-ground pool will typically increase both annual insurance premiums and seasonal utility costs for water and electricity to run the filtration system. Prospective buyers should budget for these ongoing expenses.

2. What does the "renovated basement" entail?
While the listing confirms the basement is renovated, specifics on the scope, quality, permits, and finished square footage are not provided. This is a key detail to request from the seller or listing agent.

3. The home sold recently in 2022. Why is it back on the market?
The relatively quick turnaround may be due to many common life events (job relocation, change in family needs) and is not inherently a cause for concern. However, it is a reasonable question to ask to understand the context of the sale.

4. How does the assessed value compare to the likely asking price?
The assessed value is $46.5k, but this is for taxation purposes only and is not an indicator of market value. The home last sold for $550k in 2022. Market conditions and property improvements since the last assessment mean the expected listing price will be significantly higher and guided by recent comparable sales.

5. Is the lot size a major advantage here?
Yes. At over 5,500 sqft, the lot is larger than most on the street. This not only provides more private outdoor space for the pool and gardening but also offers potential for future expansions like a deck or shed, subject to local bylaws.