Property Overview: 303 Wallasey Street
Key Characteristics, Appeal & Ideal Buyer
This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a practical and comfortable living space on a generously sized lot. Built in 1997, its key features include an attached garage and a renovated basement. The property's standout characteristic is its land: at over 4,100 square feet, the lot size ranks in the top 3% for both the immediate street and the wider neighbourhood, offering significant outdoor space and potential in a mature area.
The primary appeal lies in its balance of space, location, and value. It presents a solid, move-in-ready foundation with the added benefit of a finished basement for extra living or storage space. The large lot is a notable asset, providing room for gardening, recreation, or future expansion. Its assessed value is modest relative to the lot size, which may indicate good value for a buyer prioritizing land. This home would suit first-time buyers, downsizers seeking single-level living without sacrificing yard space, or practical investors looking for a stable rental property in an established community. It’s a home for those who value a private outdoor area and functional interior space over a large or modern footprint.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is approximately 4,177 sq. ft., which is larger than roughly 71% of residential lots across Winnipeg, making it a well-above-average sized property for the city.
2. What is the significance of the "renovated basement" mention?
This indicates the lower level has been updated to provide finished living space. It's a key feature that adds functional square footage, potentially for a family room, home office, or additional bedrooms, without increasing the property's tax assessment from a second storey.
3. The home sold in late 2021. What does that recent sale history suggest?
The sale three years ago provides a clear, recent market benchmark, showing the property has changed hands in the current market cycle. This helps establish a trend and can offer confidence in its marketability.
4. The living area is noted as 1,200 sq. ft. Is that considered large for the area?
At 1,200 sq. ft., the living space is fairly average for the neighbourhood, ranking near the middle. The home’s appeal is less about a large interior and more about the combination of that adequate living space with the very large lot.
5. The year built is 1997. Are there any considerations with a home of this age?
A home built in 1997 is relatively modern in terms of building codes and materials but is now approaching the age where major components like the roof, HVAC system, and windows may be due for inspection, maintenance, or planned replacement, which is a typical consideration for buyers.