Property Summary: 573 Lodge Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in the Booth neighbourhood presents a solid opportunity for a range of buyers. Its key appeal lies in the combination of a generous, above-average lot size (over 6,800 sq ft) and a recently renovated basement, offering immediate livable space and potential for the future. The detached garage adds practical utility.
The home suits first-time buyers or downsizers looking for a manageable single-level layout in an established area. The large lot is a significant asset for those who value outdoor space for gardening, recreation, or future expansion. From an investment perspective, the property’s assessed value ranks highly relative to its immediate street and the city, suggesting it is positioned well within its local market. A thoughtful point for buyers is the balance between the home’s vintage (built in 1964) and the modernized basement; it offers character with one major system already addressed, though the main floor may present its own renovation opportunities.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in the area?
The 6,811 sq ft lot is a standout feature, ranking in the top 22% for size on Lodge Avenue itself and the top 19% across all of Winnipeg, offering rare space for the neighbourhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, permits, and the nature of the renovation (e.g., cosmetic updates, structural, moisture management).
3. Is the price in line with the area?
The home’s assessed value of $36,100 is notably higher than its last sale price in 2017 ($31,800) and ranks in the top 17% on its street, indicating official valuation has risen significantly. This can be a starting point for comparison with current market listings.
4. What is the typical buyer or feel of the Booth neighbourhood?
Booth is a mature, established neighbourhood. The property rankings show homes here have a mix of ages and sizes, suggesting a diverse community without a uniform character, which can appeal to those seeking a non-cookie-cutter streetscape.
5. How does the living space compare?
At 1,178 sq ft, the living area is above average for the street (top 31%) but closer to the median for Winnipeg overall. This indicates a comfortable size for a one-storey home, with the significant additional space coming from the renovated basement and the large yard.