24 Valley View Drive

Property Overview

This bi-level home at 24 Valley View Drive in Winnipeg's Heritage Park neighborhood presents a solid, above-average offering in several key areas. Its primary appeal lies in the combination of a recently renovated basement, a generous and private lot, and a strong value proposition relative to its immediate area.

Key Characteristics & Ideal Buyer

The 1,392 sqft home, built in 1967, sits on a notably large 7,793 sqft lot, placing it in the top 20% for land size on its own street. This provides ample outdoor space and a sense of privacy uncommon in many suburban settings. The home features an attached garage and a renovated basement, adding functional living space. While the living area is comfortably above the street average, the standout metric is its Assessed Value, which ranks in the top 6% on Valley View Drive, suggesting the property is viewed favorably compared to its direct neighbors.

This home would suit a practical buyer looking for established character, outdoor space, and modernized fundamentals without the premium of a brand-new build. It’s ideal for someone who values a larger yard for gardening, children, or pets, and appreciates a home that stands out in terms of municipal assessment on its block. The recent basement renovation also makes it a fit for buyers seeking move-in readiness and extra flexible space for a family room, home office, or guests.

Frequently Asked Questions

How does the assessed value compare to the recent sold price?
The home sold in August 2024 for between $46.5k and $49.5k, which is consistent with its above-average assessed value of $44.30k for the street. This indicates the sale aligned with its strong perceived value in the neighborhood.

Is the lot size a typical feature for Heritage Park?
No, the lot is a distinguishing feature. At nearly 7,800 sqft, it is significantly larger than the averages for the street, the Heritage Park area, and the city-wide, placing it in the top 12-19% by comparison.

What does the "bi-level" building type mean for living space?
A bi-level typically features a main living area entered from a ground-level foyer, with a short staircase leading up to bedrooms and down to a lower-level living space. This layout often creates defined separate zones, which the renovated basement here would enhance.

The home was built in 1967. What should I consider?
While the building age is around average for the area, a home from this era may have original major systems, like plumbing or electrical, that could be nearing their service life. The renovated basement is a positive update, but a thorough inspection of the roof, foundation, and mechanicals is advised.

How does this property rank for its living area?
The living area is above average for its specific street (top 29%) but closer to the average when compared to the broader Heritage Park area and city-wide. This suggests the home feels spacious among its immediate neighbors, though its primary advantage over similar homes is likely the lot size and assessed value.