Property Overview: 2 Emerald Grove Drive
Key Features & Ideal Buyer
This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a blend of space, renovation, and established community appeal. Its key characteristic is a generous 8,394 sqft lot, placing it in the top quarter for size on its street and within the neighbourhood—a notable asset for privacy, gardening, or future expansion. The living space is a comfortable 1,413 sqft, and the home benefits from a renovated basement, adding functional space. Built in 1968, the home is notably newer than most on its street, suggesting potentially fewer concerns with aging infrastructure common to older properties.
The appeal lies in this balance: it’s a move-in ready property with modernized touches (the basement) on a large, premium lot in a mature area. The attached garage and the home’s strong rankings for lot size and year built relative to its immediate surroundings add to its solid, grounded appeal. It would suit a buyer looking for a pragmatic, long-term home—perhaps a growing family valuing indoor and outdoor space, or downsizers seeking single-level living without sacrificing yard size. The recent sale history (sold in late 2021 for $37.5k) indicates it was likely a transfer between family members or a nominal sale, not an arms-length market transaction, meaning the current assessed value of $400k provides a more relevant market benchmark.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified with the listing agent, a renovated basement in a home of this era often means updated finishes, improved lighting, and likely the addition of a recreational room, extra bedroom, or bathroom, adding significant liveable space.
2. How does the large lot size impact me?
Beyond extra outdoor space, a lot size ranking in the top 25% on the street can contribute to better privacy, more natural light, and potentially higher property value retention. It also offers flexibility for additions, a larger deck, or landscaping projects that smaller lots cannot accommodate.
3. The home sold for $37.5k in 2021. Why is the price so different now?
That sale was almost certainly not a standard market sale. It typically indicates a transfer between related parties (like family) at a nominal price. The current assessed value and comparable sales of similar homes around $400k are the relevant indicators of its market value.
4. The living area ranks lower on the street. Does that mean the house is small?
Not necessarily. It means that on a street with very large lots, some homes have been built with larger footprints. At over 1,400 sqft plus a renovated basement, the home offers ample space for most households; the trade-off is the premium allocated to the oversized yard.
5. Are the "rankings" provided important?
They offer insightful, data-driven context. They show that while the house might be average in some city-wide metrics, it holds standout advantages in its immediate locale—specifically a newer build date and a much larger-than-average lot for the street, which are strong local selling points.