Property Overview
2549 Pinewood Drive is a well-established two-storey home in Winnipeg's Birchwood neighbourhood. Built in 1960, it sits on a generous 6,598 sqft lot, which is notably larger than most in the immediate area. The home features 1,714 sqft of living space and includes a renovated basement and a detached garage. Its appeal lies in its established setting, with a lot size that offers space and potential in a mature community. The property suits buyers looking for a solid, no-frills home with room to grow, whether that's for gardening, family play, or future expansion. It would particularly fit those who value a sense of space over a brand-new build and are comfortable with a home that has good fundamentals but may benefit from personal updates over time.
A less obvious perspective is its position relative to the neighbourhood. While the home itself is middle-of-the-road in terms of size and assessed value for the area, the lot size is a standout feature, ranking in the top 14% on its street. This creates an interesting value proposition where the land itself may be a more significant asset than the current structure. Additionally, its last sale price in 2020 was below the current assessed value, which may indicate the area has seen appreciation or that recent assessments reflect broader market shifts.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 14% in same street") actually mean?
This data compares specific features of this property against similar data points for other homes on the same street, in Birchwood, and across Winnipeg. For example, the lot size is larger than 86% of the lots on Pinewood Drive, making it a premium feature for this location.
2. The home was built in 1960. What should I be aware of?
While the basement has been renovated, a home of this age will have its original core systems. A thorough inspection is essential to assess the condition of the roof, wiring, plumbing, and foundation, and to understand what updates have been made over the years.
3. How does the detached garage impact the property?
A detached garage offers flexibility and can be ideal for a workshop or extra storage. However, it also means navigating between your car and house in Winnipeg's winter weather, which is a practical consideration for some buyers.
4. The assessed value is higher than the 2020 sale price. Is that typical?
It's not uncommon. Assessed values for taxation purposes can differ from market sale prices and are influenced by area-wide trends. The increase suggests the municipal assessment sees growth in the property's value, but the true market value is determined by what a buyer is willing to pay today.
5. Who would this property not be ideal for?
This home may not suit buyers seeking a modern, turn-key property or those unwilling to undertake potential updates. It's also likely not the best fit for those who prioritize a large, brand-new interior, as the living space is fairly standard for the neighbourhood.