Property Overview: 532 Giroux Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, renovated one-storey home in Winnipeg's Dufresne neighborhood, built in 1952. Its key features include a renovated basement and a detached garage. With 768 sqft of living space, it is notably smaller than most city homes, positioning it as an efficient, low-maintenance property. The lot size is modest at 3,423 sqft, which is manageable and typical for the immediate area.
The primary appeal lies in its recent renovation, move-in readiness, and a sale price that reflects its smaller scale, offering a potential entry point into the market. It suits first-time buyers or downsizers seeking a straightforward, updated home without the upkeep of a larger property. A thoughtful perspective: while its size ranks below average city-wide, its 1952 build date is actually newer than many homes on its street and in Dufresne, suggesting it may have a more modern foundation or layout than some direct neighbors. Its assessed value is very low compared to the city average, but aligns with the local area, indicating it is priced within its specific community context rather than the broader Winnipeg market.
Section 2: Frequently Asked Questions
1. Is the home truly "below average" in size?
Yes, compared to the entire city. However, within the Dufresne neighborhood and specifically on Giroux Street, its size is much more typical. It is a compact home, which translates to lower utility costs and less maintenance.
2. What does the "renovated basement" include?
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, permits, and whether it adds legal living space or is primarily for utility and storage.
3. Why is the assessed value so much lower than the recent sale price?
The assessed value ($24.4k) is for municipal tax purposes and is not a market valuation. The sale price of $280k reflects the actual market value based on condition, location, and recent buyer demand.
4. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or extensive room for a growing family. The smaller living area and lot size prioritize efficiency over expansiveness.
5. How does the detached garage impact the property?
A detached garage provides valuable storage or workshop space but requires going outdoors to access. For a smaller home, this can be a significant asset for storing seasonal items, freeing up living space inside the house.