2 Hillhouse Road

Property Overview

2 Hillhouse Road is a 1969-built, three-level split home in Winnipeg's Garden City neighborhood. With 1,258 sqft of living space, a renovated basement, and a detached garage, it sits on a 6,040 sqft lot. Recent sales data indicates it sold in August 2024 for between $37,500 and $40,500.

Key Characteristics & Appeal

This home presents a practical opportunity, particularly for first-time buyers, downsizers, or investors seeking an entry point into the market. Its core appeal lies in its recent sale at a very accessible price point and the updated basement, which adds flexible living space. The lot size is notably above average citywide, offering good outdoor potential for its scale.

However, the data provides a nuanced perspective. While the home is average for its age and size within Garden City, it ranks at the lower end for both living area and lot size on its own street. This suggests it's one of the more modest homes on a street of larger properties, which could be seen as a value play in a well-established area. The detached garage is a solid asset for storage or workshop space. It would best suit a buyer with realistic expectations—one who values location and lot size over a large interior footprint and is prepared for the maintenance that comes with a home of this vintage.

Frequently Asked Questions

1. Is this a good value for the neighborhood?
The data suggests it's priced as one of the most affordable homes on Hillhouse Road. You're buying into the street and Garden City area, but getting a property with a smaller footprint and lot than many of its immediate neighbors.

2. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation in a home of this age typically involves modernizing finishes, ensuring proper insulation and moisture control, and creating a legal living space with egress. It's advisable to confirm the scope and permits.

3. How does the 3-level split layout function?
This classic design often features staggered half-levels, creating defined zones and some privacy between living, sleeping, and basement areas. It can feel spacious but involves more stairs than a bungalow or two-story.

4. The assessed value seems low. Why?
The $35,80k figure is a municipal assessment for tax purposes, not a market valuation. It's consistently around the neighborhood average, confirming the home is not an outlier. The recent sale price between $37.5k-$40.5k reflects its actual market value.

5. What are the implications of the lot size rankings?
While the lot is smaller than others on the street, it's larger than many citywide. This means you still have decent yard space for gardening or recreation, but may not have as much side or rear clearance as the neighboring houses.