481 Giroux Street

Property Overview: 481 Giroux Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Dufresne presents a practical opportunity. Built in 1929, it offers 1,132 sqft of living space, which is notably above average for its immediate street and neighbourhood. A key feature is its renovated basement, adding functional space, and the property includes a detached garage. The lot is a manageable 3,425 sqft.

Its primary appeal lies in its value proposition within a well-established community. The recent sale price suggests it may offer more interior space for your budget compared to other local options. It suits first-time buyers looking for a character home with some updates, or investors seeking a rental property with a solid baseline in a mature neighbourhood. A thoughtful perspective is that while its assessed value is lower than many city-wide averages, this can indicate a potentially lower property tax burden relative to the usable living space you’re acquiring.

Section 2: Frequently Asked Questions

1. How does the living area compare to nearby homes?
At 1,132 sqft, the living area is larger than the average home on Giroux Street (974 sqft avg.) and in the Dufresne area (1,031 sqft avg.).

2. What does the assessed value indicate?
The assessed value is $23,600. This is below the average for the street and significantly below the Winnipeg city-wide average, which may influence property taxes.

3. Has the property been sold recently?
Yes, it sold in July 2024 for $35,500.

4. Are there any notable features or amenities?
The listing confirms a renovated basement and a detached garage. It does not have a pool.

5. How does the lot size compare?
The land area is 3,425 sqft. This is fairly typical for the local area but below the much larger average lot size seen city-wide.