Property Overview: 188 Winston Road, Bruce Park, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home, built in 1911, presents a classic character property with a recently renovated basement. Its key appeal lies in its balance of original charm and modern updates, situated on a manageable 4,064 sqft lot in the established Bruce Park neighborhood. While the land size and assessed value are notably below averages for both the immediate street and the wider city, the living space (1,184 sqft) is comfortably on par with local norms. This creates an interesting dynamic: it’s a home for those who value interior space and character over a large yard, potentially offering a more accessible entry point into the area. The very low assessed value is a standout figure that requires context—it may reflect the home’s age and specific valuation history, suggesting a property with unique financial considerations rather than a direct market price indicator.
The home would suit a first-time buyer or downsizer looking for a character home without an extensive maintenance footprint. It’s also a potential match for a value-conscious buyer who prioritizes a renovated living space within a mature neighborhood and sees the below-average lot size as a benefit for easier upkeep. The lack of a garage is a trade-off for the home’s vintage appeal.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specific details on finish quality, ceiling height, legal egress, or permitted use (e.g., suite potential) are not provided. This would be a key point for a viewing or direct inquiry.
2. Why is the assessed value so much lower than nearby homes?
The assessed value is a municipal valuation for tax purposes, not a market price. A significant discrepancy can be due to the age of the home, specific assessment formulas, or pending updates. It’s essential to separate this figure from the actual list or sale price.
3. Is the smaller lot size a disadvantage?
It depends on your lifestyle. The lot is significantly smaller than area averages, limiting expansive gardening or large outdoor structures. However, it means less yard maintenance and could contribute to a lower purchase price, appealing to those seeking a lower-upkeep property.
4. What are the implications of a 1911 build date?
Homes of this age possess undeniable character but require diligent inspection. Potential buyers should prioritize checks for foundational integrity, updated wiring and plumbing, insulation, and the overall condition of original features like windows and plaster.
5. What is the parking situation without a garage?
The listing notes no garage. Buyers should verify on-street parking regulations, the possibility of adding a driveway or pad if space allows, and consider practicalities during Winnipeg winters.