Property Overview & Key Characteristics
This is a substantial, classic two-and-a-half storey home built in 1948, situated on an exceptionally large, mature lot in Winnipeg's Agassiz neighbourhood. Its primary appeal lies in its generous proportions and prime location. The nearly 2,700 sqft of living space is significantly larger than most homes in the city, and the 13,844 sqft lot size ranks in the top tier for its street and neighbourhood. While the basement is noted as unrenovated and the garage is detached, the home's scale and land offer a rare combination of space and established, treed privacy in a central area.
This property would best suit a buyer who values space and location over move-in perfection. It's an ideal project for someone looking to customize a character home to their own taste, whether through gradual updates or a significant renovation. The large lot also presents opportunities for gardening, outdoor living, or future expansion, appealing to those who see long-term potential. Given the significant difference between its last sold price ($510k in 2023) and its current assessed value, it may also attract investors or buyers interested in value appreciation as the neighbourhood continues to evolve.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean for a home of this era?
It usually indicates original or older mechanical systems (like heating or plumbing), foundational finishes, and layout. While structurally sound, it presents both a project and an opportunity to modernize and add value according to your specific needs.
2. The assessed value is much lower than the recent sale price. Why is that?
Municipal assessments are for tax purposes and often lag behind the current market, especially after a recent sale. The sale price is a stronger indicator of the home's market value, reflecting what a buyer was willing to pay for its unique lot size, living space, and location.
3. Who is the typical buyer in the Agassiz neighbourhood?
Agassiz attracts a mix of established families, professionals, and downsizers from larger homes who wish to remain in a central, mature area. This particular property, with its scale, likely draws buyers looking for a long-term family home with room to grow.
4. What are the advantages of such a large lot?
Beyond privacy and established greenery, a lot of this size (over 1/3 of an acre) offers rare potential in a central neighbourhood. It provides ample space for children or pets, extensive gardening, and future possibilities like adding a garage, workshop, or even exploring subdivision, subject to zoning.
5. How does the age of the home affect maintenance?
A 1948 home will have character but will also require proactive upkeep. Buyers should budget for updates to older windows, roofing, and insulation to improve energy efficiency. A thorough inspection is crucial to understand the condition of the structure, wiring, and plumbing.