Property Overview
This 1972-built, one-storey home on a large 7,193 sqft lot offers a practical and spacious foundation. Its key appeal lies in its above-average lot size and solid positioning within the broader Winnipeg market. With over 1,100 sqft of living space, a finished basement, and a detached garage, it provides the essential components for comfortable living. The home’s rankings indicate it outperforms most city homes for lot size and assessed value, suggesting a well-regarded asset in its price range. It would particularly suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing outdoor space, or an investor seeking a property with strong fundamental metrics in a stable neighbourhood.
Key Details & FAQs
Key Characteristics & Appeal:
The property is defined by its generous, mature lot—a standout feature that offers potential for gardening, expansion, or simply more private outdoor space than is typical. Its fully finished basement adds valuable flexible space for a family room, home office, or guests. While the interior living area is modest, the overall package is competitively positioned, as evidenced by its assessed value ranking higher than 66% of Winnipeg homes. The appeal is grounded in value and space rather than modern finishes, suiting buyers who prioritize lot size and basement potential over a turn-key renovation. It’s a home for those who see the underlying asset: a large property in a settled area with the room to grow or adapt over time.
Who It Suits:
This home is ideal for pragmatic buyers. First-time purchasers can benefit from the single-level layout and the finished basement as extra living space. Downsizers may appreciate the same layout but with the lot size offering a sense of openness not found in townhomes or condos. It also appeals to value-oriented investors or homeowners who view the lot size and finished basement as key equity drivers and are comfortable with a home that may require personalization.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings compare this home to others on its street, in its neighbourhood, and across Winnipeg for metrics like lot size and assessed value. For example, ranking in the top 16% city-wide for lot size confirms the parcel is unusually large, while a top 34% ranking for assessed value suggests it is viewed as a higher-value asset compared to most Winnipeg properties.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the current configuration, necessary permits, and zoning regulations with the city.
3. What might the “dated but solid” construction from 1972 imply for a buyer?
Homes from this era often have good structural bones but may require updates to mechanical systems (like plumbing or electrical), windows, or insulation to improve efficiency. The interior likely needs cosmetic modernization, but the finished basement is a significant head start.
4. How does the detached garage impact winter usability?
A detached garage is common but means a walk outdoors to and from your vehicle in winter. For some, this is a minor trade-off for the additional workshop or storage space a detached structure can provide.
5. Why is the lot size highlighted as such a key feature?
In established neighbourhoods, large lots are a finite resource. A lot over 7,000 sqft offers more privacy, space for additions like a deck or shed, and better long-term value retention compared to homes on smaller, standard lots. It provides options that smaller properties do not.