Property Summary: 221 Athlone Drive
Section 1: Overview & Appeal
This well-situated two-storey home in Winnipeg's Booth neighbourhood presents a compelling opportunity. Its key characteristics include a renovated basement, an attached garage, and a generous 7,800 sqft lot that ranks within the top third for size on its street. Built in 1966, the 1,721 sqft home sits on a mature, established street.
The primary appeal lies in its proven value and desirable location. The property last sold in October 2022 for $590,000, a price that placed it in the top 1% of sales on its street and the top 8% citywide at that time, indicating a highly sought-after address. It suits buyers looking for a solid, move-in-ready home in a mature neighbourhood with a large yard. It’s particularly suited for those who value space and stability over a brand-new build, and who appreciate a home with a recent, successful sales history that demonstrates strong market appeal.
A less obvious perspective is the value of the lot itself. The land area is significantly larger than many city lots, offering ample outdoor space and future potential, which is a appreciating asset in established areas. Additionally, the home’s assessed value is notably higher than many direct neighbours, which can sometimes reflect desirable updates or a premium position on the street.
Section 2: Frequently Asked Questions
Q: How does the 2022 sale price compare to today’s market?
A: The $590,000 sale price from late 2022 serves as a strong recent benchmark, showing what a motivated buyer was willing to pay at that time. It indicates the home's high desirability in its immediate area. Current market conditions should be evaluated independently.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent to understand the finish quality, layout, and whether it includes legal secondary suite potential.
Q: The home was built in 1966. What should I consider?
A: While the basement has been renovated, a home of this age may have original major systems (like roof, windows, plumbing, or electrical). A thorough home inspection is recommended to understand the condition and any upcoming maintenance priorities.
Q: The assessed value is much lower than the last sale price. Why?
A: This is common. Municipal assessed value for property tax purposes often lags behind market value and uses a different valuation method. The recent sale price is typically a more accurate reflection of actual market value.
Q: How does the lot size benefit me?
A: The 7,800 sqft lot is a standout feature. It provides extensive private outdoor space for gardening, recreation, or entertaining. It also potentially allows for future additions like a large deck, shed, or even an extension, subject to local zoning bylaws.