Property Overview
This is a compact, renovated one-storey home built in 1928 on a standard-sized lot in Dufresne. With 760 sqft of living space and a renovated basement, it offers a move-in-ready, low-maintenance footprint. Its appeal lies in its efficiency and value: it’s a home that prioritizes function and modern updates over square footage. The assessed value sits comfortably around the neighbourhood average, suggesting a fair market position without the premium of a larger property.
It would suit first-time buyers seeking an affordable entry into the market, downsizers looking to simplify without a major renovation project, or pragmatic investors wanting a modernized rental property. It’s less suited for those needing multiple bedrooms, dedicated workspaces, or expansive living areas.
Key Questions & Considerations
1. Is the living space too small?
At 760 sqft, the home is significantly smaller than the Winnipeg average. However, the renovated basement adds functional space. This layout demands efficient use of space and may not accommodate a growing family comfortably.
2. How does the assessed value compare to the sale price?
The home last sold for $246k in July 2023, slightly above its current $240k assessed value. This close alignment suggests the assessment is recent and reflects the market transaction, providing a solid baseline for property taxes and current value.
3. What are the implications of having no garage?
The property has no garage, which is a consideration for vehicle storage, security, and additional workshop or storage space. On-street parking or adding a shed would be necessary for many buyers.
4. Is the older age of the home (1928) a concern?
While the core structure is nearly 100 years old, the key systems have likely been updated, as evidenced by the renovated basement. A thorough inspection would be wise to confirm the condition of the roof, foundation, and plumbing, which are typical focal points for homes of this era.
5. How does the lot size impact future potential?
The 3,425 sqft lot is average for the street but below the citywide average. This provides adequate private outdoor space but may limit possibilities for large additions or detached structures, depending on local zoning bylaws.