Property Overview: 1051 Blair Street, Holden, Winnipeg
Key Characteristics & Appeal
This is a compact, single-storey home built in 1955, offering a practical and affordable entry point into the Winnipeg housing market. Its primary appeal lies in its balance of a renovated basement, a larger-than-average lot for the immediate street, and a very manageable scale. At 720 sqft, the living space is modest and below area averages, making it suited for a minimalist lifestyle, a small household, or an investor.
The home’s assessed value is notably above average for the Holden area, which may reflect the renovated basement or the desirable lot size of over 5,000 sqft—a standout feature on this street. The detached garage adds practical storage or workshop space. This property would best suit a first-time buyer comfortable with a cozy footprint, a hands-on owner who values outdoor space over indoor square footage, or an investor looking for a straightforward rental property with proven re-sale activity in the last five years.
A less obvious perspective is its potential as a "right-size" home for someone seeking to reduce living costs and maintenance without moving to a condo, offering private outdoor space rarely found in similar price-point alternatives.
Frequently Asked Questions
1. How recent is the basement renovation, and what does it include?
The listing confirms the basement is renovated but does not specify the year or scope. This is a key detail to request from the seller or listing agent to understand the quality and permitted status of the work.
2. Is the home's below-average living area a concern?
It depends on your needs. The 720 sqft layout requires efficient use of space and may feel cramped for some. However, the renovated basement likely adds functional living area, and the larger lot provides valuable outdoor extension space, which can offset the smaller interior for the right buyer.
3. Why is the assessed value above average for Holden?
This often indicates specific improvements (like the renovated basement) or desirable lot characteristics. The property’s lot size is in the top 25% on its street, which positively influences its value assessment compared to neighboring homes.
4. What does the sold price history indicate?
The home sold in May 2019 for an estimated range of $24.5k to $27.5k. The current assessed value of $29.8k suggests a stable or slightly appreciating market value for the property in this area over the past several years.
5. Who would this property not suit?
It would likely not suit buyers needing multiple bedrooms, dedicated home office space, or those who prefer modern, open-concept layouts. The one-storey design with a basement also means all main living is on one level, which could be a pro or con depending on mobility needs.