Property Overview
This one-storey home on a quiet street in Central River Heights presents a classic Winnipeg character home with modern updates. Its key appeal lies in a desirable, established neighbourhood paired with a renovated basement, offering flexible living space. The lot size is generous for the area, providing room for gardens or outdoor enjoyment. The home was built in 1954, making it newer than many in the immediate vicinity, and its assessed value is notably above average for the street, neighbourhood, and city, suggesting solid investment potential or above-standard finishes.
It would suit a first-time buyer or downsizer looking for a manageable single-level layout in a prime location, or an investor attracted by the value proposition in a consistently sought-after area. The detached garage and larger lot also appeal to those who value private outdoor space and storage.
Frequently Asked Questions
Is the basement a legal suite?
The listing notes a renovated basement, but does not specify if it is a legal, rentable suite. This is a crucial point for investors or those seeking rental income, and verification with the city would be required.
How does the sale history affect the current price?
The property last sold for $439,000 in August 2020. The current assessed value of $550,000 reflects significant appreciation, which buyers will want to understand in the context of recent renovations and area market trends.
What is the condition of the detached garage?
While a detached garage is listed as a feature, its size, condition, and whether it is insulated or heated are not specified. This could be a key factor for those needing workshop space or vehicle storage.
Are there any major upcoming expenses common for homes of this age?
Built in 1954, the home is likely past the age of original major systems. Prospective buyers should investigate the age and condition of the roof, windows, plumbing, and electrical to anticipate potential future investments.
How does the living space compare to modern needs?
At 1,131 sqft, the living area is slightly below the neighbourhood average. Buyers should consider if the renovated basement adequately compensates for the main floor space to meet their long-term needs.