Property Summary: 62 Prairie View Road
Key Characteristics & Appeal
This well-situated one-storey home in Booth offers a compelling blend of space, established character, and recent updates. Its primary appeal lies in its generous 7,187 sqft lot, which is significantly larger than most in the immediate area (top 8% on the street), providing ample outdoor potential. The home itself features a renovated basement, adding valuable finished living space to the 1,313 sqft main floor. Practicality is covered with an attached garage.
The property suits buyers looking for a solid, move-in-ready foundation in a mature neighbourhood. It’s ideal for those who prioritize private outdoor space over a brand-new build, and for households seeking single-level living or the flexibility a finished basement provides. A thoughtful perspective is its strong value retention and appeal; the 2023 sale price was notably higher than the assessed value and ranked in the top 25% for Winnipeg, suggesting the market recognizes attributes beyond the official valuation. While the home is from 1967, it ranks as newer than most on its street, indicating a well-established, stable setting.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentile rankings compare this property against others on its street, in the neighbourhood (Booth), and across all of Winnipeg. For example, a "Top 10%" rank for year built means the home is newer than 90% of the comparators, indicating a relatively more modern property in that specific context.
2. Has the property value increased?
The home sold for $45,100 in November 2023, which is approximately 19% above its current assessed value of $37,900. This recent sale price also performed strongly against market comparables, ranking in the top 25% for Winnipeg at the time.
3. What is the neighbourhood like?
The data suggests a consistent and established area. The similar assessed values of nearby homes on Prairie View Road and on surrounding streets like Cathcart and Elmhurst Road point to a neighbourhood with uniform property valuations, typical of a mature, stable community.
4. Is the lot size a major advantage?
Yes. The land area is a standout feature, placing in the top 93rd percentile for the street. This is a less obvious but significant asset, offering more privacy, gardening space, or expansion potential than is typical for the location.
5. What might the rankings indicate about future appeal?
The home performs well across multiple categories—especially lot size, recent sale value, and being newer on its street. This balanced strength across different metrics, rather than excelling in just one, often suggests a property with broad, lasting appeal to a variety of buyers.