Property Overview & Key Characteristics
This one-storey home at 420 Wallasey Street in Winnipeg's Booth neighbourhood presents a compelling blend of space, updates, and established community living. Its primary appeal lies in its generous, above-average lot size of over 8,900 sq ft—a rarity that places it in the top 15% for the street and neighbourhood. The home itself offers a renovated basement and practical amenities like an attached garage and a pool. With 1,604 sq ft of living space, it ranks in the top quarter for size locally.
The property suits buyers looking for a solid, move-in-ready home with ample outdoor space for gardening, play, or future expansion. Its consistent value growth, from a sale of $34.5k in 2016 to $40.5k in late 2024, suggests a stable and appreciating investment. It would particularly fit growing families or downsizers seeking single-level living without sacrificing yard space, in a well-ranked area where the property metrics consistently outperform most nearby homes.
A less obvious perspective is the home's age (built 1962). While not new, its recent sale and strong assessed value indicate it has been maintained competitively. The very large lot, in a city context, offers a legacy asset—the land itself holds significant long-term value separate from the structure.
Frequently Asked Questions
1. How does the property rank for size and value in its area?
The home ranks highly for its living area (top 23% in Winnipeg) and exceptionally for its land area (top 9% in Winnipeg). Its assessed value is in the top 20% for the neighbourhood, indicating it is considered a higher-value property in its immediate market.
2. What does the sale history indicate?
The property sold for $40,500 in November 2024, up from $34,500 in September 2016. This steady appreciation over eight years, without dramatic spikes, suggests stable, organic growth in line with market trends.
3. Is the neighbourhood established or changing?
Booth is an established neighbourhood. The home's age (64 years) and the mix of older nearby properties (like the comparable 1962-built home on Aldine Street) point to a mature, stable community rather than one undergoing rapid redevelopment.
4. What are the less obvious pros and cons of the lot size?
The pro is exceptional outdoor space and privacy. The potential con is that maintenance (lawn care, snow clearing) for a lot of this size requires more time or cost compared to standard city lots.
5. How does the assessed value compare to recent sale prices?
The current assessed value ($41,700) is very close to the late-2024 sale price ($40,500). This close alignment suggests the assessment is current and reflects the home's recent market value accurately.