Property Overview & Appeal
This one-storey home on a generous 6,596 sqft lot in Agassiz presents a practical and value-conscious opportunity. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,232 sqft main floor. The home’s appeal lies in its balance: it offers more living area than most on its street and sits on a larger-than-average lot for the neighbourhood, providing room to breathe and potential for outdoor enjoyment or expansion. The detached garage adds functional storage or workshop space.
It would suit first-time buyers or downsizers looking for a manageable single-level layout with the bonus of a modernized lower level. The lot size also makes it a candidate for investors or builders considering future redevelopment, given the property's assessed value remains modest relative to its sold history. A thoughtful perspective is that while the home is older (built 1961), its recent sale price history shows significant appreciation, suggesting the area is in demand, yet the current assessed value indicates there may be perceived upside relative to municipal valuation.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, layout, and whether it includes a separate entrance or additional bedrooms.
2. The sold prices seem high compared to the assessed value. Why?
The home sold for well above its current assessed value in both 2016 and 2021, which is common in active markets where sale prices outpace municipal assessments. This indicates strong buyer demand for the property or area at those times, but the assessed value is used for calculating property taxes.
3. Is the lot subdividable or suitable for an addition?
With a lot size over 6,500 sqft, there may be potential for an addition or, subject to zoning bylaws, future subdivision. Buyers should verify lot dimensions and consult with the city's planning department to understand any possibilities or restrictions.
4. How does the ranking system work?
The rankings compare this property against others on its street, in Agassiz, and across Winnipeg. For example, its living area is in the "top 10%" on its street, meaning it's larger than 90% of its immediate neighbours, which is a notable advantage.
5. What is the significance of the nearby and similarly-valued properties listed?
These provide context. The nearby properties show the immediate neighbourhood makeup, while the list of homes with the same assessed value ($45.50k) illustrates what price point the city views as comparable for tax purposes, though they may be in different areas and of different types.