Property Summary: 9 Sparrow Road, Winnipeg
Key Characteristics & Appeal
This 1979 bi-level home in Betsworth presents a practical and value-conscious opportunity. Its key feature is a renovated basement, adding valuable finished space to the 861 sqft living area. The property sits on a well-sized 4,245 sqft lot, offering good outdoor space relative to many in the city.
The appeal lies in its strong positional metrics within a established neighbourhood. It ranks in the top tier locally for lot size and is situated on a street where it is newer than most homes. For a buyer, this suggests a property that holds its own in terms of space and modernness within its immediate context. The recent sale in February 2024 at $26.8k, below its $31.1k assessed value, may indicate a quick-entry point.
This home would suit a first-time buyer, an investor, or someone looking for a low-maintenance footprint with room to grow into the finished basement. It’s a pragmatic choice for those who prioritize the utility of renovated space and a decent lot over a large main-floor footprint or garage amenities.
Frequently Asked Questions
1. What does the ranking data actually tell me?
It contextualizes the home against its direct neighbours and the wider city. For example, ranking in the top 1% for lot size in the neighbourhood highlights that the yard is a significant asset for the area, while being newer than 77% of homes on its street suggests a relative advantage in build date.
2. The home recently sold for less than its assessed value. Is that a concern?
Not necessarily. It can reflect a fast transaction or market conditions at that specific time. The assessed value provides a benchmark for municipal taxation, while sale price is determined by the market. This difference could represent an opportunity.
3. There’s no garage. How does that impact value here?
The lack of a garage is factored into the current pricing. For the right buyer—perhaps someone using the renovated basement as a workshop or storage, or who simply prioritizes lot space over vehicle storage—this may be an acceptable trade-off, especially in a neighbourhood where this might be common.
4. What is the significance of the renovated basement?
In a bi-level, the basement is a core part of the living space, not just storage. A renovation there means immediate, usable square footage for family, entertainment, or a home office, which is a major functional upgrade over a standard cellar.
5. Who might the nearby "similar assessed value" properties be relevant for?
They are useful for understanding what this property’s tax assessment equates to in other Winnipeg neighbourhoods. It shows you the type and value of home $31.1k in assessment can represent across the city, helping to gauge this property’s municipal valuation in a broader context.