Property Overview
This 1914 one-and-a-half storey home on a large 6,385 sqft lot in Booth presents a distinct opportunity. Its appeal lies in the blend of historic character and practical updates, most notably a renovated basement that adds functional living space. The detached garage and the lot size—which ranks in the top 17% for the street—offer valuable utility and potential for gardening or expansion. The home suits first-time buyers or investors looking for a character property with foundational updates in a mature neighbourhood. It also appeals to those who value a larger, private outdoor space over a brand-new build. A thoughtful perspective is that while the living area is modest, the significant lot size and the renovated basement effectively expand the usable footprint, offering more flexibility than the main square footage alone might suggest.
Key Details & FAQs
- Key Characteristics: Built in 1914. 1,042 sqft living area. Renovated basement. Detached garage. 6,385 sqft lot.
- Neighbourhood: Booth, Winnipeg.
- Last Sale: June 2016 for $215,000.
- Current Assessed Value: $24,900.
Frequently Asked Questions
1. What does the assessed value of $24,900 mean for the listing price?
The assessed value is for municipal tax purposes and is typically much lower than the market value. The listing price will be set based on current market conditions, recent sales of comparable homes, and the property's unique features.
2. The home is 112 years old. What should I consider?
While the renovated basement is a positive, a pre-purchase inspection is essential to understand the condition of major aging components like the foundation, plumbing, electrical, and roof. Heritage homes offer charm but require a mindful approach to maintenance.
3. How significant is the lot size?
At over 6,300 sqft, the lot is a major asset. It provides ample private yard space, room for a garden or play area, and potential for future additions like a deck or shed, subject to local bylaws.
4. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout or who prefer minimal upkeep. The historic nature and modest main-floor square footage mean layouts are often more compartmentalized.
5. What is the neighbourhood like?
Booth is a mature, established neighbourhood in Winnipeg. The rankings provided suggest this specific street has a mix of older and newer homes, and the property's lot size is well above average for the area.