Property Overview & Key Characteristics

This one-and-a-half storey home on a spacious 5,000+ sqft lot in Weston offers a straightforward, value-oriented opportunity. Built in 1945, its key appeal lies in its above-average lot size and living area for the immediate street and wider neighbourhood, ranking in the top 15% and 17% respectively. With no basement or garage, the property presents a simpler structural footprint, which can mean lower maintenance complexity and costs. The very low municipal assessed value suggests significant potential for value growth through updates, making it a canvas for a buyer's vision rather than a move-in-ready finish.

Its appeal is grounded in fundamentals: space, location, and possibility. It would suit a first-time buyer or investor comfortable with a project, who prioritizes land and square footage over modern finishes. It’s also a practical option for those seeking a simpler home without the upkeep of a basement, or for an owner-builder looking to add value through strategic renovations over time.

Frequently Asked Questions

1. What does "one-and-a-half storey" typically mean for this era of home?
This style often features a main floor with principal rooms and a second floor under sloped roof lines, creating cozy bedrooms with potentially reduced ceiling height in parts. It's a classic Winnipeg design that makes efficient use of space.

2. The assessed value is notably low. What does this indicate?
A low assessment relative to recent sale prices in the area often reflects the home's original condition and lack of major updates. It primarily sets a base for property taxes, but the significant gap between it and likely market value highlights the potential for the assessment (and thus the home's official value) to increase with improvements.

3. Are there any concerns with a house that has no basement?
It eliminates risks of basement flooding and associated mold issues, which can be a plus in older neighbourhoods. However, it also means no traditional space for a furnace, laundry, or storage, so checking where these utilities are located and how storage is managed is important.

4. How does the lot size compare meaningfully?
At over 5,000 sqft, the lot is larger than many in the area. This not only provides more outdoor space but also offers greater flexibility for future additions, landscaping, or even parking solutions, given the lack of a garage.

5. The last sale was in 2016. Should that be a consideration?
A single owner over eight years can suggest stability and possibly deferred maintenance. It's wise to investigate why the home was held for that period and what, if any, work was done during that time, as systems may be at or beyond their typical lifespan.