Property Overview: 2505 Pinewood Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Birchwood offers a classic, low-maintenance layout on a generous 6,748 sqft lot. Its key appeal lies in a desirable combination of space, location, and value. The home features a renovated basement, adding valuable finished living area to the 1,288 sqft main floor, and includes a detached garage.
The property’s strength is its balanced positioning within the market. The lot size is notably above average for its street and neighbourhood, offering room for gardening, play, or expansion. While the house itself is of a classic 1958 build, its recent sale history suggests it has been a competitive offering in its area. It particularly suits first-time buyers or downsizers looking for a solid, single-level home in an established community without the premium of a brand-new build. It also appeals to value-conscious buyers who see potential in the large lot and the already-completed basement renovation, providing a liveable space without immediate major projects.
A less obvious perspective is the home’s "middle-of-the-pack" rankings for living area and assessed value in its immediate area. This isn't a drawback, but rather an indicator of a stable, established neighbourhood where this property represents the typical core housing stock—offering a lower-risk entry point compared to outliers.
Section 2: Frequently Asked Questions
1. How does the 2022 sale price compare to the current assessed value?
The home sold for $360,000 in February 2022. The current assessed value for taxation purposes is $39,200. It is crucial to understand that municipal assessed value is used for calculating property taxes and is not a reflection of current market value. The 2022 sale price is a far more relevant indicator of its recent market worth.
2. What does the "ranking" data for the street and neighbourhood mean?
The rankings compare this specific property metric (like lot size or year built) against all other listed properties on the same street or in Birchwood. For example, its lot size is in the top 57% on Pinewood Drive, meaning it is larger than more than half of its direct neighbours. This helps you gauge how it stands out or fits in locally.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should confirm with the seller or their agent the exact nature of the renovations and the permits obtained to understand its approved use.
4. The home was built in 1958. What should I be aware of?
While the basement has been updated, a home of this age may have original components, such as plumbing, electrical, or the roof, that require inspection. A thorough home inspection is essential to understand the condition and timeline for any future updates or maintenance.
5. How does this lot size compare to newer neighbourhoods?
At 6,748 sqft, this lot is significantly larger than what is typically available in many newer suburban developments. This is a key feature, offering outdoor space that is increasingly rare and valuable in the city, providing privacy and room for various activities.