Property Overview: 2 Speyside Avenue, Winnipeg
This 1976 three-level split home in Betsworth presents a solid, well-maintained option in a mature neighbourhood. Its appeal lies in offering a balance of space, a developed yard, and a move-in-ready condition, all at a value-conscious price point. The home features 1,076 sqft of living space, a fully finished basement, and a detached split garage on a spacious 5,999 sqft lot. Recent data shows it ranks favorably for its age and lot size within its immediate area, suggesting it is a newer and more private property on its street. It would particularly suit first-time buyers, downsizers seeking a manageable single-family home without condo fees, or practical investors looking for a stable rental property. A thoughtful perspective is that while the interior space is modest, the large lot offers valuable outdoor potential and a sense of openness not always found at this price point.
Key Questions & Considerations
1. What is the true condition given its age?
Built in 1976, major systems like the roof, windows, furnace, and plumbing are at an age where inspection is crucial. Its high ranking for age on the street suggests it may be among the better-maintained homes in the area, but a professional home inspection is essential.
2. How does the three-level split layout function in daily life?
This style features multiple short flights of stairs separating living, sleeping, and basement areas. It’s efficient for separating living zones but may not suit those seeking single-level living or with significant mobility concerns.
3. What are the implications of the recent sale history?
The property sold for $375,000 in June 2021. The current assessed value of $386,000 indicates stable market value. Buyers should research recent comparable sales to understand the current market climate.
4. What is the neighbourhood like?
As part of mature Betsworth, expect established homes, trees, and a settled community feel. The rankings show the property is average in size and value for its specific community, indicating a typical, unpretentious streetscape.
5. What potential is there for future value?
The large, 6,000 sqft lot is a significant asset, offering potential for expansion, gardening, or outdoor living. The finished basement adds immediate functional space. Value growth will be closely tied to the general maintenance of the home and the overall trend of the mature neighbourhood.