Property Summary: 10 Emerald Grove Drive
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Booth neighbourhood, built in 1967. Its primary appeal lies in a combination of generous land and a strategic location. The lot is notably large at 7,796 sq ft, ranking within the top third for size on its street and in the wider neighbourhood. This offers significant outdoor space and potential in an established area.
The home itself features a renovated basement and an attached garage. While the living area is more modest in comparison to the lot size, it presents a manageable footprint. The property’s assessed value is relatively strong for its immediate street, suggesting it is viewed as a solid asset in its micro-market.
This property would suit a buyer looking for a ground-level living layout on a substantial, private lot—ideal for gardening, expansion, or simply enjoying outdoor space. It’s a practical choice for those who value location and land over a large interior, potentially appealing to downsizers seeking single-level living without sacrificing yard space, or to a household planning a future renovation or addition who secures the valuable lot first.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is 7,796 sq ft, which is significantly larger than average, placing it in the top 12% of all residential lots in Winnipeg for size.
2. The home was built in 1967. What should I consider?
While the basement has been renovated, the core structure is nearly 60 years old. A thorough inspection of major aging components like the roof, foundation, plumbing, and electrical systems is essential to understand any upcoming maintenance or updates needed.
3. The last sale was in 2019 for $350k. How is the assessed value only $38,900?
The $38,900 figure is the property assessment for municipal tax purposes, not the market value. Market value is what a buyer would pay today and is influenced by recent sales, condition, and market trends, not directly by the tax assessment.
4. The living area is smaller relative to the lot. Is expansion feasible?
The large lot certainly provides the physical space for an addition or expansion. Any plans would be subject to local zoning bylaws, setback requirements, and obtaining the necessary permits.
5. How does this property rank for its age on the street?
Despite being built in 1967, it ranks in the top 17% for newer construction on its specific street (8th newest out of 48 homes), indicating it is on a street with many older, well-established homes.