711 Setter Street

Property Overview: 711 Setter Street, Heritage Park, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This two-storey home, built in 1985, stands out for its generous proportions and strong market position within its established Heritage Park neighbourhood. Its primary appeal lies in its above-average living space of 2,141 sq ft, which ranks within the top 6% of homes on its street and the top 3% within Heritage Park itself. This suggests a home that offers more room than most in the area, a significant advantage for growing families or those wanting ample space. The property sits on a good-sized 6,560 sq ft lot, providing a solid outdoor canvas.

The home’s assessed value of $55,300 is notably strong, ranking in the top 2% for the neighbourhood, indicating official recognition of its relative worth. A renovated basement adds modern, functional living space. The sales history shows a clear and substantial appreciation in value over recent years.

This property would best suit practical buyers looking for a spacious, well-positioned home in a mature neighbourhood without the upkeep of an older character home. It’s ideal for those who value room to grow, both indoors and out, and appreciate a home that holds a strong, above-average standing in its local market.

Frequently Asked Questions

1. How does the home’s size compare to others in Winnipeg?
With 2,141 sq ft of living area, this home is larger than approximately 92% of all homes in Winnipeg, making it a notably spacious property city-wide.

2. What does the assessed value ranking tell me?
An assessed value in the top 2% for Heritage Park is a strong indicator that the municipality views this property as one of the more valuable homes in the neighbourhood, often reflecting factors like lot size, living area, and condition.

3. Has the property increased in value?
Based on available sales data, the property sold for between $36.5k-$39.5k in 2016 and between $54.5k-$57.5k in 2021, indicating significant appreciation over that five-year period.

4. Is the lot size typical for the area?
Yes. The lot is just above the average size for both Setter Street and the Heritage Park neighbourhood, offering a balanced outdoor space that is in line with community norms.

5. The home was built in 1985. What should I consider?
Being 41 years old, this home is newer than most in Winnipeg but is now entering a phase where major components (like the roof, windows, or HVAC system) may be due for inspection or planned replacement, which is a key consideration for maintenance budgeting.