Property Overview
This 1987-built, single-storey home in Winnipeg sits on a notably large, 13,421 sqft lot. With 1,815 sqft of living space, an unfinished basement, and an attached garage, it offers solid fundamentals. Its key appeal lies in the combination of generous indoor and outdoor space, a layout suited for single-level living, and strong performance in market rankings—particularly for lot size, where it surpasses 97% of Winnipeg properties. The home suits buyers looking for a spacious bungalow with significant yard potential, from families wanting room to play and expand to those planning for long-term, accessible living. A thoughtful perspective is that the unfinished basement and the home's age present a clear canvas; the value here is in the existing footprint and land, allowing the next owner to customize modern finishes and systems to their taste, rather than paying a premium for someone else's renovations.
Frequently Asked Questions
1. What is the significance of the property's high rankings?
The rankings show how this home compares to others in its immediate area and across Winnipeg. For example, being newer than 88% of homes on its street and having a larger lot than 97% of the city highlights its relative scarcity and desirable attributes in the local market.
2. Is the unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it provides flexible, additional space that can be tailored precisely to a buyer's needs—whether for storage, a recreation room, or extra bedrooms—without the cost of removing existing, possibly dated finishes.
3. The 2022 sale price was higher than the current assessed value. Why?
Assessed value is for municipal tax purposes and may not reflect current market value, which is influenced by factors like recent upgrades, market conditions, and buyer demand. The 2022 sale offers a recent market benchmark, but the price today will be set by the current market.
4. Who would this property be most suitable for?
It's an excellent fit for those seeking single-level living, such as empty-nesters or multi-generational families, due to its bungalow style. The huge lot also makes it ideal for families, gardeners, or anyone who values extensive outdoor private space.
5. What are the less obvious considerations with a home of this age?
Built in 1987, major components like the roof, windows, and mechanical systems (furnace, water heater) may be nearing or past their typical lifespans. A thorough inspection is crucial to budget for potential updates, which also represents an opportunity to install modern, efficient systems.