Property Overview: 375 Wallasey Street
Key Characteristics, Appeal & Ideal Buyer
This two-storey home in Winnipeg's Booth neighbourhood is a standout for its generous living space and significant lot size. Built in 1974, its key characteristic is its scale: at 2,338 sqft, it offers substantially more living area than nearly all homes on its street and in its wider area. This is complemented by a large 5,712 sqft lot. The home features an attached garage and a renovated basement. Its current assessed value is notably higher than its 2021 sale price, suggesting significant appreciation.
The appeal lies in the rare combination of abundant indoor and outdoor space for the neighbourhood, offering room to grow or simply enjoy. The renovated basement adds modern, functional living area. It suits buyers looking for a established home with a spacious feel without moving to the outer suburbs, or those who prioritize lot size and interior square footage over a newer build date. It's a practical choice for families, multi-generational living, or anyone who values space for hobbies, entertaining, or future expansion.
Frequently Asked Questions
1. How does the age of the home factor in?
While built in 1974, the home ranks as newer than most on its street and in Booth. This suggests the immediate area has older housing stock, and this property may offer more modern infrastructure or layout potential than many neighbours. A thorough inspection is always recommended to understand the condition of major systems.
2. What does the large difference between the 2021 sale price and current assessed value indicate?
This points to substantial market appreciation over three years. It reflects strong demand for the area and property type, but also means buyers are entering at a significantly higher price point, which is an important consideration for future value growth.
3. The home ranks very high for living area but lower for year built in Winnipeg. What does this mean?
It confirms this is a larger-than-average home for the city, but not a new build. The trade-off is clear: you are purchasing considerable space, but within an older envelope. The value is in the square footage and lot, not a contemporary construction date.
4. Who might the "similar assessed value" properties be relevant for?
These listings are useful for buyers comparing what their budget can secure in different neighbourhoods. They show that at this assessed value point, you can find properties in various areas, but 375 Wallasey Street appears to offer exceptional size for that price tier within its location.
5. What is less obvious about the appeal of a large lot in this context?
A lot size ranking in the top third for the street but only the top fifth for the neighbourhood indicates that while the lot is very good for Wallasey Street, even larger lots exist elsewhere in Booth. The appeal is the specific combination of a big house and a big yard on the same property, which is less common.