Property Overview & Appeal
This 1959 one-storey home in Winnipeg's Silver Heights neighbourhood presents a practical and value-conscious opportunity. Its primary appeal lies in a combination of generous land size and recent updates. With a 5,216 sqft lot, the property offers significantly more outdoor space than many in the area, ranking in the top 12% of the neighbourhood for land area. The home itself features a renovated basement, adding valuable finished living space to the 948 sqft main floor. Key characteristics include a detached garage and a solid, modernized foundation.
The property suits first-time buyers seeking a manageable single-level layout with room to grow outdoors, or investors looking for a well-situated rental with a modernized basement suite potential. Its assessed value stability and the fact it sold above assessment in 2021 suggest a history of solid value. A thoughtful perspective is that while the home's living area is modest, the large lot and basement renovation effectively expand the usable space, offering a balance of affordability and functionality in a mature neighbourhood.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 5,216 sqft lot is a standout feature, larger than approximately 88% of properties in the Silver Heights neighbourhood. This provides ample private outdoor space uncommon for the area.
2. What does "renovated basement" typically include in a home of this era?
While specific finishes aren't listed, a renovated basement in a 1959 home often means updated flooring, drywall, lighting, and possibly a modernized bathroom or kitchenette, making it suitable as a living, recreational, or rental space.
3. Is the assessed value in line with recent sales?
The current assessed value is $320,000. The home last sold in August 2021 for $310,000, indicating the assessment has remained relatively stable and close to a recent market price.
4. What is the neighbourhood ranking based on?
The rankings (e.g., Top 12% in neighbourhood) compare this property's specific metrics—like lot size or year built—against all other listed properties in Silver Heights, giving context to its relative standing.
5. How does the living area compare to the overall property size?
The 948 sqft main living area is compact, but the renovated basement adds significant finished space. Combined with the very large lot, the property offers a balance of efficient indoor living and expansive outdoor potential.