Property Overview & Key Characteristics
This two-storey home at 783 Sturgeon Road in Winnipeg's Booth neighbourhood presents a practical and value-conscious opportunity. Built in 1967, its key appeal lies in its combination of a renovated basement and a land size that is well above average for its street and area. With 4,138 sqft of land, the lot ranks in the top 13% on Sturgeon Road, offering more outdoor space than most nearby properties. The living area of 1,510 sqft is comfortably sized for the neighbourhood.
The home’s value proposition is grounded in its recent sale history and assessed value, both of which position it as an accessible entry point into the area. It last sold in August 2023 for $30,900, and its current assessed value is $25,700. This profile suggests it may suit first-time buyers, investors, or downsizers looking for a lower-maintenance property with a solid foundation and the potential to add value over time. Its appeal is less about luxury finishes and more about the tangible assets of a large lot and a recently updated basement in a well-established community.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the scope, quality, and permits should be verified through a viewing and by requesting any available documentation from the seller.
2. How does the lack of a garage affect daily life and value?
The property has no garage, which is a common feature in many older neighbourhoods. Buyers should consider on-street parking availability, the potential to add a shed for storage, and the impact on winter vehicle maintenance.
3. The home sold recently in 2023. Why is it back on the market?
The quick turnaround may indicate an investor flip, a change in the owner's circumstances, or other factors. It's a prudent question to ask the listing agent to understand the context behind the sale.
4. The assessed value is lower than the 2023 sale price. What does this mean?
Municipal assessed value is for tax purposes and often lags behind market value. The 2023 sale price is a more current indicator of what a buyer was willing to pay, but it's wise to research if recent area sales support that price level.
5. How does the larger lot size benefit me?
Beyond simple outdoor space, a larger lot (top 13% on the street) offers more privacy, room for gardening, play areas, and future expansion potential (like adding a garage or deck), subject to local zoning bylaws.