Property Overview & Key Characteristics
This 2015-built home in Assiniboia Downs offers a blend of modern living and established neighbourhood appeal. Its key feature is a renovated basement, adding valuable finished space to the 2,031 sqft living area. The property stands out for its exceptional location rankings, placing in the top 1% of its neighbourhood and even the top 0% across all of Winnipeg for area, indicating a highly desirable and possibly premium lot within the community.
The appeal lies in acquiring a relatively new, low-maintenance home without sacrificing lot size or location. It suits buyers looking for a move-in ready property in a well-regarded area, particularly those who value space and privacy over having a private garage. The strong assessed value and past sale price suggest a property that has held its value well in a competitive segment.
A less obvious perspective is that the lack of a garage, while a consideration, may be offset by the large lot and the renovated basement, which can provide ample storage and flexible living space. The tight cluster of similar addresses nearby suggests a quiet, cohesive cul-de-sac or courtyard setting, which often fosters a strong sense of community.
Frequently Asked Questions
1. What does the "Top %" ranking actually mean?
These rankings compare this specific property against all others on the same street, in the neighbourhood, and across Winnipeg. For example, ranking in the top 1% for area in Winnipeg means its lot size is larger than 99% of all residential properties in the city, a significant advantage.
2. The home sold for $870k in 2016, but is assessed at $91.7k. Why is there such a large difference?
The assessed value is used for calculating municipal property taxes and is not an indicator of current market value. In Manitoba, assessments are typically a fraction of the expected market price. The 2016 sale price is a historical data point showing what a buyer previously paid.
3. There is no garage listed. Is there any parking?
The listing specifies "Garage: None." Buyers should inquire about driveway parking or the availability of a parking pad. The large lot may offer potential for adding a garage in the future, subject to local bylaws.
4. The basement is noted as renovated. What does that include?
The listing confirms the basement is renovated but does not specify the details. A prospective buyer should ask for specifics on the renovation's scope, quality, permits, and whether it includes legal secondary suites or additional bedrooms.
5. The nearby and similar-value properties are listed. What is this showing?
This provides context. The nearby properties are likely in the same complex or subdivision, giving a sense of the immediate surroundings. The similar assessed values show what other homes in various Winnipeg neighbourhoods are taxed at a comparable level, though their market values and styles may differ greatly.