Property Overview: 259 Carriage Road, Heritage Park, Winnipeg
Key Characteristics & Appeal
This one-storey home at 259 Carriage Road is a practical and straightforward property in Winnipeg's Heritage Park neighborhood. With 1,040 sqft of living space and a renovated basement, it offers a manageable footprint for easy living. Built in 1970, it is notably newer than most homes on its immediate street, which can be an advantage for systems and upkeep. The lot is a standard size for the area at just under 5,500 sqft.
The primary appeal lies in its value positioning. With an assessed value of $310,000, it sits below the average for its specific street and neighborhood, yet aligns closely with the wider Winnipeg average. This presents a potential value opportunity within Heritage Park, especially for a home with a updated basement. It’s important to note that the living space is modest compared to nearby homes, suggesting a more efficient, low-maintenance layout rather than expansiveness.
This property would best suit first-time homebuyers, downsizers, or value-focused investors seeking an entry into a established neighborhood without a premium price tag. It’s for those who prioritize a renovated basement and a newer build year on the block over having above-average square footage.
Frequently Asked Questions
1. Is this a small house for the area?
Yes, at 1,040 sqft, the living area is below the average for both Carriage Road and the broader Heritage Park neighborhood. This indicates a more compact, efficient layout.
2. Why is the assessed value below the neighborhood average?
The assessed value of $310,000 is lower than the Heritage Park average, likely reflecting the home's smaller size. This can represent a value proposition, allowing entry into the neighborhood at a lower price point.
3. What does "newer than most on the street" mean practically?
Built in 1970, this home is among the newest on Carriage Road. This can sometimes correlate with younger major systems (like plumbing or electrical) compared to older neighboring homes, though specific conditions should be verified.
4. What is the potential like for expansion or renovation?
The lot size is standard for the area. While the renovated basement adds liveable space, any above-grade expansion would be subject to lot coverage bylaws. The one-storey design could allow for a vertical addition, pending municipal approvals.
5. How does the lack of a garage affect daily life and value?
The property has no garage, which is a consideration for vehicle storage, security, and additional storage space. This is common for many homes of this era and is typically factored into the pricing and appeal for buyers comfortable with driveway parking or adding a shed.