Property Overview: 67 Prairie View Road
Key Characteristics, Appeal & Ideal Buyer
This two-storey home in Winnipeg's Booth neighbourhood is defined by its substantial size and established, premium positioning. Its primary appeal lies in offering exceptionally generous living space on a large lot, a combination that is increasingly rare. With over 4,200 sqft of living area—ranking it in the top 1% of all homes in Winnipeg for size—and an 8,200 sqft lot, it provides ample room for family life, entertaining, and future projects. The home benefits from a renovated basement and a detached garage, adding functional value.
Beyond the raw numbers, the property’s appeal is rooted in its proven desirability and stability within its locale. It stands in the top 3% of its street for assessed value and has a strong history, having last sold in 2017 for $670k against a current assessment of $890k. This suggests significant appreciation and a solid investment profile. The home suits buyers who prioritize space and established neighbourhood character over new construction. It is an ideal match for a large or multi-generational family seeking room to grow, or for a buyer looking for a "forever home" with the credentials to hold its value exceptionally well in the Winnipeg market.
Frequently Asked Questions
1. How does the 1967 build year affect the home?
While not new, the year built is newer than over 90% of homes on its street. Buyers should expect the character and construction quality of a well-built mid-century home, balanced with the likelihood of updates and maintenance over the years, such as the noted basement renovation.
2. What do the ranking percentages actually mean for daily life?
They indicate the property's relative standing. For example, ranking in the top 1% of Winnipeg for living area means you are getting a uniquely spacious home. Ranking in the top 23% of the neighbourhood for lot size confirms you have a larger-than-average yard for the area, offering more privacy and outdoor space.
3. The assessed value is much higher than the 2017 sale price. Is this accurate?
Property assessments are based on market trends and municipal evaluations, not set by the seller. The increase from $670k to $890k in assessed value over several years reflects broad market appreciation. It’s a benchmark for taxation, and the final sale price will be determined by current market conditions.
4. Is the detached garage a pro or a con?
This depends on preference. A detached garage offers flexibility—it could be used as a workshop or studio without impacting the main house. However, it means a walk to your vehicle in winter, which some may find less convenient than an attached garage.
5. The home ranks highly for size and value, but only in the top 55% for year built across Winnipeg. What does this imply?
This highlights a key trade-off. You are acquiring a home that is exceptionally large and valuable for its area, but it is not a new build. This is typical for established, desirable neighbourhoods where the premium is on lot size, interior space, and location rather than a recent construction date. It underscores that this is a mature property in a mature community.