Property Overview & Key Characteristics
This 1958 one-storey home in Birchwood presents a classic, low-maintenance living option on a notably spacious and private lot. Its core appeal lies in the combination of a fully renovated basement and a large, 6,778 sqft yard—a rarity that offers significant potential for gardening, play, or expansion. While the 943 sqft living area is compact, the renovated basement effectively doubles the functional space, making it ideal for a growing family, a work-from-home setup, or hosting guests.
The property suits practical buyers looking for a solid, move-in-ready foundation in a well-established neighbourhood. It’s particularly appealing to first-time homeowners who value outdoor space over a large interior footprint, or to downsizers seeking single-level living without sacrificing yard size. The detached garage adds utility and storage flexibility. From an investment perspective, the lot size is a standout asset that provides long-term value, whether for personal enjoyment or future development potential, in a location that ranks highly for lot size within Winnipeg.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The 6,778 sqft lot is a key feature, ranking in the top 4% on its street and the top 19% across Winnipeg, offering substantially more outdoor space than many comparable properties.
2. What is the condition and layout of the renovated basement?
The basement is noted as fully renovated, suggesting modern finishes. It likely adds significant functional living space, such as additional bedrooms, a family room, or a separate entrance, complementing the main floor's 943 sqft.
3. Is the price fair based on recent sales?
The home last sold in April 2022 for $41.5k, a price that ranked in the top 12% on its street at that time. The current assessed value is $34.2k. A buyer's agent can provide a current comparative market analysis to assess today's fair market value.
4. What are the implications of the home's age (built in 1958)?
While the core structure is 68 years old, the renovated basement indicates updates. A thorough inspection is recommended to assess the condition of major aging components like the roof, plumbing, and electrical systems.
5. How does the neighbourhood rank for amenities and investment?
The Birchwood neighbourhood shows mid-range rankings in the provided metrics. Its appeal is typically grounded in its established nature and larger lot sizes rather than top-tier rankings, suggesting a stable, family-oriented community.