Property Overview: 106 Winston Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home in the Bruce Park neighbourhood, built in 1942. Its primary appeal lies in its generous 4,814 sqft lot, which is notably larger than most on its street and in the immediate area, offering significant outdoor space and potential. The home itself is modest in size at 876 sqft, but features a renovated basement, adding functional living space. A detached garage provides additional storage or workshop potential.
The property suits practical buyers who value land over a large existing footprint. It’s ideal for someone looking for a manageable home with room to garden, expand, or simply enjoy a sizable yard in a mature neighbourhood. The above-average assessed value for the street suggests the property is well-regarded in its immediate context. It represents a solid opportunity for a first-time buyer, a downsizer seeking a single-level layout with outdoor space, or an investor attracted by the land value and renovated basement suite potential.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not specify it as a legal, secondary suite. A buyer must verify its status with the city and ensure it meets all safety and zoning requirements.
2. How does the smaller living area impact value?
While the home's square footage is below average, this is balanced by the larger-than-average lot and the renovated basement. The value proposition here is land and potential, not sheer interior size.
3. What does the sale history indicate?
The property last sold in September 2020 for $355,000. The current assessed value is slightly lower at $313,000, which is typical, as municipal assessments often lag behind market trends. This history provides a recent benchmark for market comparison.
4. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with ample above-grade square footage, or those unwilling to consider future updates that a 1940s home might require.
5. What is the neighbourhood context of Bruce Park?
Bruce Park is a mature, established neighbourhood. The data shows this property’s metrics (like year built and lot size) are generally around average for the area, meaning it fits comfortably within the fabric of a classic Winnipeg community.