Property Overview & Key Characteristics
This 1960-built, one-storey home in Winnipeg's Agassiz neighbourhood presents a practical opportunity. Its key appeal lies in a desirable combination of a larger-than-average lot (6,595 sq ft, ranking in the top 23% of the area) and a recently renovated basement, offering valuable extra space. While the living area is a modest 1,231 sq ft, the property sits on a generous parcel of land that provides room for gardening, play, or future expansion.
The home’s statistical profile reveals a nuanced position. It ranks highly for lot size and is among the newer builds on its specific street. Its assessed value is solid for Winnipeg overall, though it sits at a more average level within its immediate neighbourhood. This suggests a property that is well-established and offers good intrinsic value, particularly for the land. It would suit first-time buyers, downsizers looking for single-level living without a tiny yard, or value-oriented buyers who see potential in the renovated basement and the possibility a large lot affords. The lack of a garage is a trade-off for the land size.
Frequently Asked Questions
1. What does the ranking data actually mean for this property?
The rankings compare this home to others on its street, in Agassiz, and across Winnipeg. For example, being in the "top 23%" for lot size in Agassiz means 77% of lots in the neighbourhood are smaller. It indicates you're getting a sizeable piece of land, which is a standout feature.
2. The home sold in 2018 for $38.1k, but is now assessed at $41.4k. Is this a concern?
Not necessarily. The 2018 sale price appears to be a significant outlier, as it's ranked at the very bottom (0%) for its street. This could indicate a prior distressed sale or unique circumstances. The current assessed value is more aligned with area norms and provides a more current baseline for municipal taxation and general market value.
3. What is the neighbourhood (Agassiz) like?
Agassiz is a mature, established neighbourhood in Winnipeg. The presence of many homes from the 1960s and 70s indicates a stable, well-kept community. The high ranking for this home's age on its street suggests it is one of the original builds, contributing to a consistent streetscape.
4. There's no garage. How does that impact value and livability?
The lack of a garage is factored into the current price and assessment. For some buyers, this is a drawback. For others, the large lot presents the opportunity to add a garage or shed in the future, which could be seen as a value-add project. On-street parking availability would be an important immediate consideration.
5. How does the renovated basement affect the living space?
While the main living area is listed as 1,231 sq ft, a renovated basement effectively adds usable square footage. It's important to clarify the nature of the renovation (e.g., finished rec room, legal suite, basic living space) and whether it is reflected in the official living area or assessed value, as this adds functional space not fully captured in the top-line metrics.