Property Overview: 502 Giroux Street, Winnipeg
Key Characteristics & Buyer Appeal
This bi-level home at 502 Giroux Street presents a compelling mix of modern convenience and strong value within its established Dufresne neighborhood. Its key appeal lies in being a notably newer construction (built 2009) compared to most homes on its street and in the wider area, suggesting fewer immediate concerns with aging infrastructure. The home features a renovated basement and a detached garage.
The property stands out statistically within its immediate context. It ranks in the top tier for assessed value and year built both on Giroux Street and in the Dufresne area, indicating it is a premium property in its local market. With 1,170 sqft of living space, it offers more room than many comparable nearby homes. The lot size is typical for the local area but is smaller than the Winnipeg city average, resulting in a more manageable yard with less maintenance.
This home would suit a buyer looking for a move-in-ready, modern property in a mature neighborhood without paying a premium for a central or newly developed suburb. It’s ideal for those who value being above average in their immediate surroundings—owning one of the newest and most highly assessed homes on the block—rather than comparing themselves to the entire city. The detached garage and renovated basement add practical space for storage, hobbies, or flexible living.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in November 2020 for $35,800. The current assessed value is $40,300, which is higher. This increase may reflect market changes and the value of the home’s relative newness in the area.
2. Is the lot size a disadvantage?
The land area (3,425 sqft) is average for Dufresne but below the city-wide average. This means less yard maintenance, which can be a benefit for many, but may not suit buyers looking for extensive outdoor space or large gardens.
3. What does the "Elite" ranking for assessed value mean locally?
It means this home is in the top 2-3% of properties on its street and in the Dufresne area for its municipal assessment. This suggests it is considered one of the more valuable properties in its immediate peer group, likely due to its newer age and size.
4. What is the neighborhood character, given the mix of home ages?
Giroux Street has homes with a wide range of construction years (the average is circa 1942). This creates an established, tree-lined streetscape where a 2009-built home offers modern amenities while being part of a long-standing community.
5. Are there any obvious concerns from the data?
The data shows no major red flags. The home is newer, above average in size for the area, and holds a high assessed value locally. Buyers should focus on a physical inspection and consider that the city-wide rankings for lot size and living area are more average, confirming this is a strong local value rather than a city-leading property in all metrics.