Property Summary: 21 Wedgewood Drive
Section 1: Overview & Appeal
This two-storey home, built in 1962, presents a compelling opportunity in Winnipeg's Agassiz neighbourhood. Its primary appeal lies in a combination of established character, above-average living space for its area, and a significant, well-sized lot. The 1,709 sqft home sits on a 6,852 sqft property, placing it in the top tier of the street and neighbourhood for both lot and living area size. A key feature is the renovated basement, adding valuable finished space.
The home suits buyers looking for a solid, spacious property in a mature community without needing to venture into newer, more distant suburbs. It’s ideal for those who value room to grow, garden, or entertain outdoors, and who appreciate a home with a proven, stable history in a neighbourhood of similar vintage. A less obvious perspective is its strong assessed value ranking (top 4% on its street), which, while not a direct market price, suggests the municipal valuation sees substantial underlying property value here relative to immediate neighbours. This could appeal to buyers with an eye for long-term value and equity potential.
Section 2: Frequently Asked Questions
1. How does the 2016 sale price relate to today's value?
The property sold for $440,000 in August 2016. This provides a historical benchmark, but current market conditions, any updates made since then, and general appreciation will determine today's listing price.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the scope, quality, permits, and the nature of the finished space (e.g., rec room, suite, office) would require details from the seller or a viewing.
3. Is the home older than others on the street?
Built in 1962, it is older than 83% of homes on Wedgewood Drive, meaning it's one of the original houses in the area. This often comes with mature landscaping and established neighbourhood character, but may also mean more attention to maintenance or updates.
4. How does the lot size compare?
The 6,852 sqft lot is notably larger than average, ranking in the top 43% on the street and top 58% in Agassiz. This is a standout feature for outdoor space and privacy.
5. The assessed value seems low. Why?
The $51,500 assessed value is for municipal tax purposes only and is not an indicator of market value. Its high ranking (top 4% on the street) is more meaningful, showing the city assesses this property as one of the most valuable on the block.