Property Summary: 2498 Pinewood Drive, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey home in the established Birchwood neighbourhood. Built in 1959, it sits on a large, 7,031 sqft lot, which is notably more spacious than most in Winnipeg. The home itself offers 1,498 sqft of living space and features an attached garage and a renovated basement. Its appeal lies in a combination of space, location, and recent updates. The generous lot size is a standout, offering ample outdoor potential in a city where such large plots are increasingly rare. The renovated basement adds immediate functional living space without the need for a project.
The property would suit buyers looking for a solid, move-in-ready home in a mature neighbourhood without the premium of a new build. It’s particularly well-suited for those who value private outdoor space for gardening, play, or future expansion. The recent sale in mid-2023 suggests a stable, known value in the current market. While the house itself is older, its above-average rankings for lot size and recent sale price in its immediate area indicate it is a stronger-than-average offering on its street and in Birchwood.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 7,031 sqft lot is a significant feature, ranking in the top 17% across all of Winnipeg. It is substantially larger than the average city lot, offering more privacy and versatility.
2. The home was built in 1959. What should I consider?
While the basement has been renovated, a home of this age will have original core components. A thorough inspection of the roof, foundation, wiring, and plumbing is always advised to understand any future maintenance timelines.
3. What do the "rank" percentages next to the statistics mean?
These show how this property compares to others in the same group. For example, its lot size is in the "Top 17% in Winnipeg," meaning it's larger than 83% of properties in the city. This helps quantify its relative strengths.
4. The assessed value is $410k, but it sold for $450k in 2023. Why the difference?
Municipal assessed values are for tax purposes and often lag behind the current market. The 2023 sale price is a more accurate reflection of its recent market value, indicating buyer demand exceeded the official assessment at that time.
5. Is the neighbourhood actively growing or changing?
Birchwood is a long-established area. The consistency in home ages and styles suggests stable, incremental change rather than rapid redevelopment. This can mean predictable character but fewer brand-new amenities compared to emerging suburbs.