Property Overview: 51 Prairie View Road
Key Characteristics & Appeal
This well-situated two-storey home in Winnipeg’s Booth neighbourhood sits on a generous 7,199 sqft lot, offering more outdoor space than most in the immediate area. Built in 1967, the house itself is older but has been updated with a renovated basement, a valuable functional improvement. With 1,696 sqft of living space and an attached garage, it provides classic family layout in a mature setting.
The appeal here is rooted in solid fundamentals and relative value. The property’s assessed value of $430k aligns with similar homes across various neighbourhoods, suggesting a fair market position. Its standout feature is the lot size, which ranks in the top 40% on its street and in Winnipeg overall—a notable advantage for a central property. While the home’s age places it in the newer half of its street, the renovated basement adds modern livability. It last sold in April 2020 for $410k.
This home would suit a practical buyer looking for established community character and room to breathe. It’s ideal for a family or long-term owner who values a larger yard over a brand-new build, and who sees potential in a home that has already had key systems (the basement) updated. It represents a balanced choice for those seeking space and location without a premium price tag.
Frequently Asked Questions
1. How does the age of the home affect its value?
While built in 1967, the home is actually among the newer 10% on its street. The renovated basement mitigates concerns about outdated finishes. Buyers should focus on the condition of major aging components like the roof, windows, and HVAC.
2. Is the lot size a major advantage?
Yes. At over 7,000 sqft, the lot is significantly larger than the Winnipeg average. This provides rare outdoor space for gardens, play, or expansion, and is a key factor in the property’s long-term value.
3. What do the ranking percentages mean?
They show how this property compares to others in a specific area (street, neighbourhood, city) for a given metric. For example, its lot size is in the “Top 40%” on its street, meaning 60% of lots on Prairie View Road are smaller.
4. Has the property appreciated since its last sale?
It last sold for $410,000 in April 2020. The current assessed value is $430,000, indicating modest appreciation in line with market trends over that period.
5. What is the neighbourhood like?
Located in Booth, the property’s rankings show it is consistently in the top half of its neighbourhood for key metrics like lot size and assessed value, suggesting it’s a solid, established area with a mix of older and newer homes.