Property Summary: 486 Lodge Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Booth offers a practical and comfortable living proposition. Its key characteristic is a generous, mature lot that ranks in the top 1% for size on its street, providing ample outdoor space—a notable asset in the neighbourhood. The home itself features a renovated basement and an attached garage, adding valuable functional space and convenience.
The appeal lies in its established location and solid fundamentals. It suits first-time buyers or downsizers looking for a manageable single-level layout with room to grow outdoors, or investors attracted by the stable neighbourhood metrics and recent renovation. A thoughtful perspective is its balanced positioning: while not leading in all categories, it performs consistently above average in Winnipeg for living space and value, suggesting a reliable, no-surprises property in a sought-after area. It’s a home that offers more land than most on the block, which could be a long-term advantage for gardening, expansion, or simply enjoying private outdoor space.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
At nearly 4,920 square feet, the land area is larger than approximately 58% of residential lots in Winnipeg, making it a standout feature for the property.
2. What is the significance of the recent basement renovation?
The renovation adds modern, finished living space below grade, which can increase functional square footage for recreation, guests, or storage, and is a key update that a new owner won’t need to undertake immediately.
3. Is the sold price from 2023 a good indicator of current value?
The home sold for $34.5k above its current assessed value in early 2023. This suggests a strong market interest at that time, but current value should be determined by a professional appraisal considering present market conditions.
4. Who might find the "one storey" building type particularly appealing?
This layout is ideal for those seeking accessibility or preferring to avoid stairs, such as young families, individuals planning for aging in place, or downsizers.
5. The home was built in 1966. What should I consider?
While the basement has been renovated, a home of this age may have original major systems (like plumbing, electrical, or the roof) that are nearing or past their typical lifespan. A thorough inspection is recommended to budget for any potential updates.