Property Summary: 236 Wallasey Street
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Booth neighbourhood, built in 1959. Its primary appeal lies in its generous, mature lot—at nearly 8,900 square feet, the property size ranks in the top 17% on its street and offers significant outdoor space, a rarity in many urban areas. The home features a renovated basement and a detached garage. While the living area is modest at 1,062 sq ft, the value proposition is heavily weighted toward the land and location. The data indicates a stable history, having last sold in 2016, with its current assessed value consistent with similar homes in surrounding neighbourhoods.
This property would suit a buyer looking for a solid foundation in a quiet, established area, with room to grow outdoors. It’s ideal for someone who values space over square footage, perhaps a first-time buyer comfortable with a smaller main footprint but wanting a large yard, or an investor recognizing the long-term value of a sizable lot. The renovated basement adds functional living space, making it practical for a small family or someone needing a home office or separate living area.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in the Booth neighbourhood, and across all of Winnipeg. For example, its land size ranks very high (top 17% on its street), while its year built is about average for the area. This helps you understand how its features stack up contextually.
2. Is the assessed value the same as the market value?
No. The assessed value ($33,800k) is for municipal tax purposes. The last sold price in 2016 was $27,400k. Market value is determined by current conditions, buyer demand, and the property's specific state, which may differ significantly.
3. What is the neighbourhood like?
The data shows the property ranks in the top 16% for lot size within the Booth neighbourhood, suggesting it's among the larger properties in the area. This often points to a more established, less densely packed part of the community.
4. What are the implications of having a detached garage?
A detached garage offers flexibility—it can be used for parking, storage, or potentially as a workshop without impacting the main house's living space. However, it may be less convenient during Winnipeg winters compared to an attached garage.
5. The home last sold in 2016. What should I consider?
A sale eight years ago suggests the current owners have had a stable tenure. It’s wise to inquire about updates made since then, as the "renovated basement" notation may predate their ownership. This history can sometimes indicate a well-maintained property without frequent turnover.