Property Overview & Key Characteristics
This well-situated one-storey home in Central River Heights offers a classic Winnipeg character combined with practical updates. Its primary appeal lies in its generous 4,799 sqft lot, which is notably larger than most in the area, providing valuable outdoor space and potential in a mature, sought-after neighbourhood. The home itself is compact at 928 sqft, suggesting a focus on efficient living or a manageable footprint. Key features include a renovated basement and a detached garage. With a 1953 build date, it’s an older home that will appeal to buyers who value location and lot size over a large interior, and who are prepared for the maintenance or gradual updates that come with a house of this age. It would suit a first-time buyer, a downsizer, or an investor looking for a character property in a prime location with a strong land value component.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 4,799 sqft lot is a significant feature, ranking in the top 32% on its street and top 16% in the wider neighbourhood. This is considerably larger than many surrounding properties, offering more private outdoor space.
2. The living area seems smaller than nearby homes. Is that typical?
Yes. At 928 sqft, the living area is smaller than many comparable homes in River Heights. This indicates a home focused on efficient use of space, potentially appealing for its ease of maintenance, with the value leaning more toward its substantial lot.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, ceiling height, legal egress, and whether it’s developed as livable space or primarily for utilities and storage.
4. The assessed value seems low compared to some similar properties. Why?
Municipal assessed value for taxation purposes often lags behind market value and is based on mass appraisal techniques. It should not be used as a direct indicator of sale price. The market will determine the final value based on the home’s condition, specific updates, and current buyer demand.
5. What is the neighbourhood character and convenience like?
Central River Heights is a mature, established neighbourhood known for tree-lined streets, character homes, and excellent proximity to amenities like shops, schools, parks, and major routes. The property’s location offers a quiet residential feel with urban convenience close by.