Property Overview: 56 Southwick Close, Winnipeg
Key Characteristics & Appeal
This 1,799 sqft two-storey home, built in 1984, sits on a 6,044 sqft lot in Elmhurst. It features an attached garage and an unrenovated basement. The property’s primary appeal lies in its solid, above-average footprint for both the neighbourhood and the wider city, offering more living space than most Winnipeg homes. Its assessed value is proportionally higher than many peers, suggesting a well-regarded position within the market.
The home is ideally suited for buyers seeking a blank canvas in an established area. It appeals to those who value space over turn-key finishes, as the unrenovated basement presents a clear opportunity for customization and added value. While it is a fairly average property on its specific street, its standing improves significantly when compared to the broader Elmhurst area and the entire city, indicating you get more house for your money here than in many other Winnipeg neighbourhoods. It’s a practical choice for a growing family or a handy homeowner looking to put their own stamp on a property with a strong spatial foundation.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,799 sqft, it offers more living space than about 83% of homes citywide. On its own street, it’s slightly below the local average, but within the Elmhurst neighbourhood, it ranks above average, providing more interior room than most comparable area homes.
2. What does the "unrenovated basement" imply?
This indicates the basement is in original or functional condition but has not been modernized or finished to current standards. It is a usable space but represents the main opportunity for updates and personalization in the home.
3. Is the assessed value a good indicator of the likely sale price?
The assessed value is for municipal tax purposes. Notably, the last recorded sale was in November 2020 for $41,800k, which was significantly below the current assessed value of $51.50k. This gap highlights strong market appreciation and suggests consulting recent neighbourhood sales for a more accurate price expectation.
4. How does the lot size compare?
The lot is approximately 6,044 sqft. It is a fairly average size for Southwick Close and for Elmhurst, but it is larger than about 70% of residential lots across the City of Winnipeg.
5. What is the significance of the home being "average" on its street?
This statistic offers a nuanced perspective. It means the property is consistent with the established character of Southwick Close, a street of similar-sized homes from the same era. The appeal, therefore, comes from the street’s overall stability and the home’s stronger competitive position when viewed in the wider context of the entire community.