Property Summary: 613 Bruce Avenue, Winnipeg
Key Characteristics & Appeal
This 1965 four-level split home sits on a large, mature lot in the Booth neighbourhood. Its key appeal lies in the combination of generous, well-proportioned space and a location that offers relative value within the city. With nearly 2,000 sqft of living area, the home ranks in the top 2% for size on its street and the top 10% across Winnipeg, offering more interior room than most comparable properties. The lot size of 7,790 sqft is also a significant asset, placing it in the top 13% on the street, providing ample outdoor space for gardening, play, or expansion. A recently renovated basement and a detached garage add to its functional appeal.
The home’s value proposition is underscored by its transaction history, showing a thoughtful and substantial renovation period between its 2021 and 2025 sales, with a significant increase in value over that time. It would suit buyers looking for a classic Winnipeg layout with room to grow, who prioritize lot size and living space over a newer build date. It’s particularly compelling for those who see potential in a home that has already had major systems like the basement updated, allowing them to move in without immediate large-scale projects.
Frequently Asked Questions
1. How does the age of the home (1965) impact its value?
While newer homes typically rank higher, this property’s recent renovations, large lot, and above-average living area offset its age. Its value has increased notably post-renovation, suggesting the updates have effectively modernized key parts of the home.
2. What do the ranking percentages (e.g., "Top 87% in same street") actually mean?
These rankings compare this property to specific groups. For example, "Top 87% for land area on its street" means its lot is larger than 87% of the 111 properties on Bruce Avenue. This indicates a standout feature compared to its immediate neighbours.
3. The assessed value is $40.40k, but it recently sold for $45.20k. Why the difference?
Municipal assessed values for tax purposes often lag behind current market values, especially after significant renovations. The recent sale price is a more accurate reflection of its current market worth.
4. Is the Booth neighbourhood a good investment?
The data shows this home has outperformed many in Winnipeg and its immediate neighbourhood in recent sales, indicating strong demand for well-maintained properties on large lots in this area. Its value growth has been robust.
5. What are the less obvious considerations with a four-level split?
This style offers excellent separation of living spaces, which is great for families or multi-generational living. However, it involves more stairs than a bungalow or two-storey, which is a practical factor for daily life and future mobility. The layout can also be very efficient for zoning heating and cooling.