Property Overview
This one-and-a-half storey home, built in 1918, is situated on a notably large 6,188 sqft lot in Winnipeg's Booth neighbourhood. Its key appeal lies in the balance of historic character and updated practicality. The home features a renovated basement and a living area of 1,341 sqft, which is spacious for its street. While the house itself is older, the generous lot size offers valuable potential and a sense of space that is increasingly rare. It last sold in July 2022 for $360,000.
Key Characteristics & Ideal Buyer
The property’s primary strengths are its expansive lot—ranking highly for size within its immediate area—and its solid, renovated basement adding functional living space. Its assessed value is modest relative to its recent sale price, which may indicate updates or market appeal not fully captured in the assessment. The home is older, so charm is balanced with the expected maintenance of a century-old structure.
This home would suit a practical buyer who values indoor-outdoor potential over brand-new finishes. It’s ideal for someone looking for a footprint to personalize, whether that means gardening, future expansion, or simply having ample yard space. It also appeals to those interested in the established, quiet streets of Booth, where the lot size offers a tangible upgrade over neighbouring properties.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to determine the finish quality, ceiling height, and whether it includes legal egress, as this significantly impacts its value and utility.
2. How does the 2022 sale price compare to the current assessed value?
The home sold for $360,000 in mid-2022, while the assessed value is listed at $28,700. This large discrepancy is normal; municipal assessed value for tax purposes is typically much lower than market value and should not be used as a direct price indicator.
3. What are the implications of a 1918 build date?
While offering character, a home of this age will likely have older systems (plumbing, electrical, roof) that require inspection. The "one-and-a-half storey" design often means unique, cozier upper-floor spaces.
4. How significant is the lot size?
At over 6,000 sqft, the lot is a major feature. It ranks in the top half of the street for size, providing more privacy, outdoor room, and future redevelopment options than many nearby properties.
5. What is the neighbourhood like?
Booth is a mature, established neighbourhood. The property ranks in the top third of the area for lot size, suggesting it's on the more desirable end of the spectrum within this community. Nearby comparisons show a mix of older and mid-century homes.