Property Overview
This one-storey home at 43 Goodridge Crescent in Winnipeg's Heritage Park neighbourhood presents a practical opportunity. With 1,056 sqft of living space, a renovated basement, and a detached garage, it sits on a 6,045 sqft lot. Built in 1974, its assessed value is $35,700. Recent sales data shows it sold in the $375k-$405k range in mid-2023, and for $285k-$315k in 2019.
Key Characteristics & Appeal
The primary appeal of this property is its position as a relatively affordable, single-level home in an established neighbourhood. Its recently renovated basement adds functional living space, a key upgrade for a home of this era. The lot size is notably larger than the Winnipeg average, offering good outdoor potential.
Its appeal is nuanced. While it ranks below average in size and value within its immediate crescent, it aligns more closely with the broader neighbourhood and city averages, suggesting it's a typical home for the area rather than an outlier. This could represent a value proposition for a buyer who doesn't require a large interior but appreciates a generous yard. It would suit first-time buyers, downsizers looking for minimal stairs, or practical investors seeking a home with recent updates (the basement) in a stable area. The price history indicates significant appreciation between 2019 and 2023, pointing to a strong market trajectory for the home itself.
Frequently Asked Questions
1. Is this home smaller than others on the street?
Yes. The living area is the smallest among the 14 homes on Goodridge Crescent, which is an important consideration for space needs.
2. How does the assessed value relate to likely selling price?
The assessed value for tax purposes ($35,700) is not a market valuation. The recent sold price (2023) in the $375k-$405k range is the relevant market indicator.
3. What does the "renovated basement" likely entail?
The listing specifies a renovated basement, which typically means it is finished as livable space. Specifics on the quality, permits, or features would require inquiry with the seller or a viewing.
4. Is the land size a positive feature?
Potentially. The lot is above the city-wide average, which is a plus for privacy, gardening, or expansion. However, on its own street, lots are generally larger, so it's not exceptional in that specific context.
5. What is indicated by the significant price increase between 2019 and 2023?
The jump from the ~$300k range to the ~$390k range over four years reflects both the strong Winnipeg market of that period and the value added by the basement renovation. It suggests the home has been recently updated and has kept pace with market trends.