564 Wilton Bay

Property Summary: 564 Wilton Bay, Grant Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the established Grant Park neighborhood presents a practical and well-situated offering. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,266 sqft footprint. Built in 1956, the house is notably newer than many on its street, which can suggest updated core systems or construction. The lot is a comfortable 5,184 sqft, providing ample outdoor space for a mature neighborhood setting.

The appeal lies in its strong positional value. The home ranks above average for both size and assessed value within the desirable Grant Park area, indicating it's a competitive property in a sought-after location. It suits buyers looking for a move-in-ready, single-level living option in a central, mature community. It would particularly fit first-time buyers or downsizers who prioritize location over having a garage, and who value the flexibility and extra space provided by a renovated lower level.

A less obvious perspective is the home's "middle-of-the-pack" performance on its own street. While it shines in the broader area, it sits around average for size and value among its immediate neighbors on Wilton Bay. This suggests a stable, consistent streetscape without extremes, which can be appealing for those seeking community uniformity.

Section 2: Frequently Asked Questions

1. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to determine the finish quality, room layouts, ceiling height, and whether it includes a legal secondary suite or additional bedrooms.

2. How does no garage affect daily life and value?
The lack of a garage is a trade-off for the location. Buyers should consider street parking availability, winter vehicle maintenance, and storage solutions. This aspect often appeals to buyers with fewer vehicles or who prioritize yard space over covered parking.

3. The assessed value is $450k; what might the selling price be?
Assessed value is for municipal tax purposes and is not a direct indicator of market value. The sale history shows it last sold in 2019 for approximately $365k-$395k. Current market conditions, the home's condition, and buyer demand will determine the final sale price.

4. Is the 1956 build year a concern?
While 70 years old, the home is newer than the street average (1952). This can be positive, but a thorough inspection is still crucial to assess the condition of the roof, wiring, plumbing, and foundation, regardless of the renovation.

5. How does the living space compare to a modern home?
At 1,266 sqft above grade (plus the basement), the space is efficient rather than expansive. It ranks above average for Grant Park, where many homes are smaller, but is around the citywide average. The layout and flow of the main floor will be key to how the space feels day-to-day.