Property Overview
This 1969-built home in Winnipeg's Booth neighbourhood offers a renovated basement and 1,216 sqft of living space. Its standout appeal lies in its exceptional location rankings. The property sits in the top 1% of its street and the top 0% of its neighbourhood and city, suggesting a highly desirable setting that outperforms most comparable areas. While the home itself is of average size and age for its immediate street, its positional value is significant. It recently sold in October 2024 for $25,000, a noticeable increase from its 2021 sale price of $22,000, indicating rising market interest. The home would suit a value-conscious buyer who prioritizes a prime location over a large or newly built structure, potentially a first-time buyer or an investor looking for a well-situated asset with foundational updates already in place.
Key Details & Questions
What are the key features of this home?
The main features include a renovated basement and 1,216 square feet of living space. The most compelling data points are its location rankings, which are in the top percentile for its street, neighbourhood, and the entire city of Winnipeg.
Who is this property best suited for?
It is an ideal match for buyers who see location as the top priority. Given its modest size and older build date, it appeals to those seeking entry into a high-ranking area without a premium price for a modern or large home, such as first-time homeowners or investors.
How does its value and sale history look?
The assessed value is $22,100. It sold for $25,000 in October 2024, up from $22,000 in July 2021. This recent increase suggests growing demand for properties in this specific location.
Is the home part of a multi-unit building or complex?
The listing format (e.g., "5-2859 Ness Avenue") and the direct listing of neighbouring units with identical addresses suggest this is likely a condo, townhouse, or apartment-style property within a larger complex, not a standalone single-family home.
What should I consider about the property's condition and size?
While the basement is renovated, the home is 57 years old, so systems and the main structure may require attention. At 1,216 sqft, the living space is fairly average for Winnipeg, so it's best for smaller households or those comfortable with a cozy footprint in exchange for the excellent location.