Property Overview & Key Characteristics
This 1968 one-storey home in Winnipeg's Agassiz neighbourhood sits on a spacious 6,628 sqft lot, offering a solid foundation with room to breathe. Its key appeal lies in its balance of a generous, above-average lot size with a recently renovated basement, presenting a practical opportunity. The home’s living area is modest at 1,183 sqft, but the property ranks highly for lot size within its immediate street and neighbourhood, suggesting a premium on outdoor space in this location.
The property would suit a first-time buyer or a downsizer looking for a manageable single-level layout with clear potential to add value, whether through future updates to the main living area or by utilizing the already finished basement. A thoughtful perspective is that while the home itself is older and smaller than some neighbours, the data indicates you are purchasing a larger-than-average parcel of land in the area—a valuable asset that is increasingly rare. The detached garage adds practical storage or workshop space. Its last sale price in 2021 was significantly higher than its current assessed value, which may attract buyers looking for a value proposition in a well-established area.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 6,628 sqft lot is a standout feature, ranking in the top 40% on its street and top 44% in the wider Agassiz neighbourhood, meaning it's notably larger than many surrounding properties.
2. The home was built in 1968. What should I consider?
While the basement has been renovated, the main living areas reflect the home's age. Buyers should budget for potential updates to systems, windows, or the main floor layout to modernize the 1,183 sqft living space.
3. Why is there a large gap between the 2021 sale price and the current assessed value?
The home sold for $390,000 in late 2021, near a market peak. The current assessed value is a municipal assessment for tax purposes and often lags behind market value. It serves as a baseline, not a definitive market price.
4. Who would this property not be suitable for?
It may not suit buyers seeking a large, modern, or move-in-ready home without renovation plans. The living area is below average for the neighbourhood, so those needing ample indoor space may find it limiting.
5. What is the significance of the "renovated basement" note?
This indicates the lower level has been updated, potentially adding finished living space, a rental suite (subject to zoning), or recreational area. It's a key modernized feature that adds immediate functionality to the older home.