Property Overview: 541 Giroux Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Dufresne presents a compelling blend of space, location, and value. Its primary appeal lies in its generous proportions relative to the immediate area. With 1,780 sqft of living space, it ranks in the top 5% of homes on Giroux Street and the top 6% within the Dufresne neighbourhood, offering significantly more interior room than local averages. This is complemented by an expansive 5,996 sqft lot, which also places it in the elite top 5% locally, providing ample outdoor space rare for the area.
The home features a renovated basement, adding to its functional living space. Built in 1930, it carries the character of its era while its assessed value sits above average for both the street and the neighbourhood, suggesting a solid investment in a well-regarded location. A thoughtful perspective for buyers is the property’s city-wide positioning: while it stands out locally for size and lot, its assessed value is more modest compared to the wider Winnipeg market, indicating you are paying for desirable local attributes rather than a premium city-wide address.
This property would best suit a buyer looking for a spacious family home or a long-term investment in a stable neighbourhood, who values larger indoor and outdoor areas over a brand-new build. It’s ideal for someone who appreciates the character of an older home and has the vision to maintain or update it over time.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
It is notably larger than most. With 1,780 sqft of living area, it is roughly 800 sqft larger than the average home on Giroux Street and 750 sqft larger than the Dufresne neighbourhood average.
2. What is the significance of the lot size?
The lot of nearly 6,000 sqft is a major asset, placing it in the top 5% locally. It offers substantial yard space for gardens, play, or expansion, which is uncommon in this area.
3. The home was built in 1930. What should I consider?
While it offers character and established streetscapes, an older home may require attention to foundational elements, wiring, plumbing, or windows. A thorough inspection is essential to understand any needed maintenance or updates.
4. Why is the assessed value above average locally but below average city-wide?
This highlights the property’s strength within its specific market. You are getting a top-tier property for Dufresne in terms of size and lot, but the assessed value reflects the more affordable pricing of the neighbourhood compared to some other city districts.
5. There is no garage. How does that impact parking and storage?
The lack of a garage means relying on street parking and necessitates creative solutions for vehicle storage in winter and for general storage needs. This is a common trade-off for older homes and should be factored into planning.