Property Overview: 20 Wedgewood Drive
Key Characteristics & Appeal
This 1960-built, four-level split home sits on a generous 7,195 sqft lot in Winnipeg's Agassiz neighbourhood. With 1,663 sqft of living space, it offers a practical layout over multiple levels, providing clear separation between living and sleeping areas. A key feature is the renovated basement, adding modern, finished space. The home lacks a garage or pool, positioning it as a straightforward, land-value opportunity.
Its primary appeal lies in its solid lot size and living area, both ranking in the top 25-30% for its immediate street and the wider city, suggesting good space for the area. The assessed value is stable and ranks well locally. This property suits practical buyers looking for a home with a renovated lower level on a large lot, who are comfortable with a mid-century layout and do not require a garage. It represents a grounded option in a mature neighbourhood, where the value is derived more from space and location than high-end finishes.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on the same street, in the Agassiz neighbourhood, and across Winnipeg. For example, its lot size ranks in the top 22% on Wedgewood Drive, meaning it's larger than most direct neighbours. This helps contextualize its key metrics within a very local market.
2. The home sold for $37.7k in 2016, but is now assessed at $45.9k. Is this a concern?
The 2016 sale price is an outlier, ranking at the very bottom of the street for that time. This suggests it may have been a non-arms-length or distressed sale and is not reflective of typical market value at the time. The current assessed value is a more reliable baseline for comparison.
3. How does the age of the home (1960) factor in?
While the building itself is older (ranking in the bottom 62% for age in Winnipeg), this is balanced by the renovated basement. Buyers should budget for ongoing maintenance typical of a home of this era, but can also value the character and established neighbourhood that comes with it.
4. There's no garage. How does this impact value and livability?
The lack of a garage is factored into the price and is common for many homes of this vintage. It presents an opportunity for a future buyer to add one, subject to bylaws, or simply means lower utility and maintenance costs. On-street parking is likely the norm for this street.
5. Who might this property not suit?
This home may not suit those seeking a completely open-concept, modern layout, as four-level splits have defined, compartmentalized floors. It's also less ideal for buyers who require immediate, ample covered parking or who prefer a brand-new build with no anticipated maintenance.