Property Overview: 506 St Charles Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glendale presents a practical and straightforward opportunity. Its key characteristics include a renovated basement, a detached garage, and a 1971 build date that is notably newer than many immediate neighbours. With just over 1,000 sqft of living space and an assessed value of $310k, it sits firmly in the average range for the street, neighbourhood, and city in terms of size and valuation. The lot size of approximately 6,000 sqft is smaller than most on St Charles Street but is close to the citywide average.
The appeal lies in its turn-key readiness, thanks to the basement renovation, and its position as a relatively modern home on a street with older comparables. It suits first-time buyers or downsizers looking for a manageable, single-level layout in a stable neighbourhood without major renovation projects. A thoughtful perspective is that while the property doesn't lead in any single metric, its overall balance and updated basement offer a hedge against immediate large expenses, which can be a smart compromise for value-focused buyers.
Section 2: Frequently Asked Questions
1. How does the 1971 build date compare to nearby homes?
This home is newer than most on its street. The average build year for comparable homes on St Charles Street is 1960, making this property over a decade newer, which can suggest updated building materials and systems.
2. Is the lot size a disadvantage?
At just under 6,000 sqft, the lot is smaller than many on the same street. However, it is very close to the average lot size across Winnipeg. It provides adequate outdoor space for gardening or recreation while requiring less maintenance than a larger plot.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of the finish, permits, and whether it includes added living space, a rental suite, or simply updated amenities.
4. How accurate is the assessed value as an indicator of market price?
The $310k assessment is a municipal valuation for tax purposes. While it provides a benchmark and shows the home is in the middle of the pack for the area, the actual market price is determined by recent sales, condition, and current demand.
5. Are there any known sale prices for this specific home?
Public data shows a sale occurred in April 2016 for an estimated range. For the exact historical sold price, you must request the information directly via the provided email service, as this detail is not publicly disclosed in the listing.