Property Summary: 19 Prairie View Road
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Winnipeg’s Booth neighbourhood offers a classic, low-maintenance layout on a generous 7,198 sqft lot. Its key appeal lies in a balance of space, recent updates, and strong value performance. The home features a renovated basement, adding functional living area to its 1,163 sqft main floor, and an attached garage.
The property’s standout characteristic is its compelling value history. It sold for $45,600 in May 2023, a price that ranks highly compared to recent sales in the immediate area, neighbourhood, and wider city. This suggests the home was a well-priced acquisition. Coupled with a large lot that is above average for the street, it presents a solid foundation for both living and investment.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout with room to grow or customize. The renovated basement adds immediate utility, perfect for a family room, home office, or guest space. The large lot is a significant asset for gardeners, those seeking private outdoor space, or future expansion. Given its recent sale at a value that outperformed many comparable properties, it may also attract buyers with an eye for homes with proven, resilient market appeal.
Section 2: Frequently Asked Questions
1. How does the property’s age (built in 1967) affect its condition and potential?
While the structure is mature, the renovated basement indicates proactive updates. Buyers should focus on the condition of major 59-year-old systems, like plumbing, electrical, and the roof, which may need attention or budgeting, but the home’s era often means solid construction and a desirable, established lot.
2. The living area is ranked low for the street. Is the house too small?
At 1,163 sqft, the main living area is compact, but the renovated basement effectively doubles the functional space. This layout is ideal for those who prefer defined, efficient main-floor living with flexible space downstairs, rather than a sprawling single level.
3. What does the strong 2023 sale price ranking actually tell me?
It indicates that when this home last sold, it commanded a price higher than most similar nearby properties at that time. This can point to desirable features not fully captured in the data, a premium lot, or a particularly competitive purchase—all positive signals for future value.
4. The assessed value is significantly lower than the 2023 sale price. Why?
Municipal assessed values for tax purposes often lag behind market values and use different valuation methods. The 2023 sale price is a clearer reflection of actual market value, suggesting the home is likely worth more than its current assessment.
5. Is the large lot a benefit if I don’t want extensive gardening?
Absolutely. Beyond gardening, the lot provides superior privacy, space for children or pets to play, room for a deck or patio, and better separation from neighbours. It also represents long-term value, as lot size is a permanent and increasingly scarce asset.