1-595 Adsum Drive

Property Overview & Appeal

This 1978 home at 1-595 Adsum Drive in The Maples presents a unique value proposition. Its key characteristic is a renovated basement, adding functional living space to the 756 sqft footprint. The standout appeal lies in its exceptional position relative to the market. The property ranks in the top 1% of its street, top 0% of its neighbourhood, and top 0% of Winnipeg for land area, suggesting a lot size that is a significant asset. Combined with a very low assessed value, it indicates strong potential for equity growth. This home would suit value-conscious buyers, including first-time homeowners or investors, who prioritize land value and are willing to update an older home. It’s also a candidate for those looking for a manageable-sized property with a desirable lot in a well-established area.

Frequently Asked Questions

1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a home of this era and assessed value typically means it has been finished into a livable space, such as a rec room or additional bedroom, but may not include high-end finishes or permit documentation. It's a key feature that adds functionality.

2. Why is the assessed value so much lower than some nearby properties?
The assessed value of $16,200 is significantly lower than most comparable homes listed, which range from $28k to $390k. This often reflects the home's smaller size (756 sqft), its age, and potentially a need for updates to the main living areas. It represents a lower entry point but may also indicate a project.

3. The home ranks highly for land area but low for living area. What does this mean?
This contrast is the property's defining trait. It suggests you are purchasing a proportionally large lot—a valuable and scarce commodity—with a modestly sized house on it. This appeals to buyers who see long-term value in the land itself, with the home being a functional starting point.

4. There are multiple units listed at "595 Adsum Drive." What is this property?
Listings for 1-595 through 5-595 Adsum Drive at 0m distance indicate this is likely a condominium or townhouse complex, not a standalone single-family home. This explains the lack of individual garage or pool data and affects responsibilities like exterior maintenance and condo fees (if any).

5. How should I interpret the "Top %" rankings?
These rankings compare this specific unit against all properties in its street, neighbourhood, and city for each metric. For example, ranking in the top 1% for land area on its street means its lot size is larger than 99% of its immediate neighbours, a notable advantage.