761 Sturgeon Road

Property Summary: 761 Sturgeon Road, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1967, is situated on a generously sized lot in the Booth neighbourhood. Its primary appeal lies in its balance of established character and a key modern update: a renovated basement. With 1,510 sqft of living space, it offers comfortable room for a small family or a couple.

The property’s value is grounded in its lot size, which ranks in the top 12% on its street, offering potential for outdoor enjoyment or future expansion. While the house itself is of average size for the area, its recent assessed value places it in a competitive position, historically tracking steadily. This isn't a flashy, fully modernized home, but a solid, no-frills property where the investment has clearly gone into making the basement a functional, updated space.

This home would suit a practical first-time buyer or an investor looking for a property with a good land-to-structure ratio and one major renovation already completed. It’s for someone who values space over brand-new finishes and sees potential in a home that offers a clean, updated foundation in the lower level while leaving room for personalization upstairs over time.

Section 2: Frequently Asked Questions

1. What does a "renovated basement" typically mean here?
It indicates the lower level has been modernized, likely including finished living space, updated flooring, and proper ceilings. It’s a significant value-add, transforming what is often unused storage into habitable square footage.

2. How does the lack of a garage impact daily life and value?
The absence of a garage is a trade-off for the larger lot. Buyers should budget for driveway parking and potentially installing a shed or carport. This is common for homes of this era and is reflected in the accessible price point.

3. The home is older—what should I be most concerned about?
With a build date of 1967, priority inspections should focus on the roof, windows, and major mechanical systems (furnace, electrical). The renovated basement is a plus, but ensure the renovation included any necessary moisture-proofing.

4. The lot is large, but what are the rules for using it?
The sizable 4,133 sqft lot is a key feature. You should check Winnipeg’s zoning bylaws for any plans to add structures like a garage, large shed, or deck to ensure compliance and understand setback requirements.

5. How stable has the property's value been?
The assessed value has seen modest, steady increases over recent years (e.g., $26.6k in 2016 to $28.2k currently). This suggests a stable, non-volatile market position for the area, which can be appealing for long-term security.