723 Sturgeon Road

Property Overview: 723 Sturgeon Road, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home, built in 1966, sits on a generous 5,302 sqft lot in the Booth neighbourhood. Its key features include a renovated basement and a detached garage. The living space of 1,167 sqft is practical and well-proportioned for its type.

The appeal lies in its solid foundation and potential. The renovated basement adds immediate functional space, while the large lot offers room for gardening, expansion, or simply enjoying outdoor privacy—a valuable asset in the city. The home’s assessed value of $310k positions it as a more accessible entry point into the neighbourhood compared to many nearby properties.

This property would suit first-time buyers or downsizers looking for a manageable single-level layout with a low-maintenance exterior. It’s also a sensible choice for a hands-on buyer who appreciates a home with good bones and a sizable yard, seeing the value in what it already offers while envisioning its future potential through gradual updates. The data suggests it’s a competitively priced option within its immediate street and wider area, offering a balance of space and location without a premium price tag.

Section 2: Frequently Asked Questions

1. How does the lot size compare to others nearby?
At 5,302 sqft, the lot is larger than over half of the properties on Sturgeon Road and ranks in the top 17% for size within the broader Booth neighbourhood, offering more outdoor space than most in the area.

2. What is the significance of the sold price from 2020?
The home sold for $306,000 in December 2020. This provides a historical benchmark, showing the market value at that time. The current assessed value of $310k suggests a stable valuation in line with that recent sale.

3. Is the home newer or older than surrounding houses?
Built in 1966, it is older than approximately 79% of the homes on its street but is around the median age for the city overall. Many homes in the immediate vicinity are of a similar vintage, which is typical for established neighbourhoods.

4. What does the "renovated basement" typically imply?
While specifics would require a viewing or disclosure, this generally indicates the below-ground space has been finished into livable areas, such as a rec room, office, or additional bedrooms, adding functional square footage to the home.

5. How does its value compare to similar homes in Winnipeg?
With an assessed value of $310k, this property ranks in the top 37% city-wide, meaning it is valued higher than many Winnipeg homes. However, within its own neighbourhood, it sits in a more moderate range, potentially offering more value for the location.