Property Summary: 350 Holden Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1977, offering 720 sqft of living space with a renovated basement. Its key appeal lies in its efficient, modernized layout and its position as a notably newer home within its immediate neighborhood, where comparable properties are typically decades older. The assessed value is consistent with the local area, suggesting a stable, entry-level price point without the premium of larger citywide properties.
The home suits first-time buyers, downsizers, or investors seeking a low-maintenance, updated property in an established area. Its below-average land size translates to minimal yard upkeep, a practical feature for those prioritizing interior space over outdoor maintenance. A thoughtful perspective is that this property represents a "value-hold" in its micro-market—it’s not the largest, but its newer build year and renovations offer modern comforts that are less common on the street, potentially reducing immediate upgrade costs for a buyer.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 720 sqft, the living area is slightly below the average for Holden Street (852 sqft) but is efficiently arranged across one main floor plus a renovated basement, which adds functional space.
2. Why is the assessed value significantly lower than the citywide average?
The assessed value of approximately $25k is in line with the local Holden area average. The much higher citywide average (around $390k) is skewed by larger, more expensive properties across all Winnipeg neighborhoods, highlighting this area's affordability.
3. What does the "newer" build year mean for this property?
Built in 1977, this home is newer than most on its street (where the average build year is 1953). This can suggest updated building materials and systems relative to its neighbors, though a specific inspection is still recommended.
4. Is the lot size a limitation?
The land area of 2,856 sqft is below average for the street and city. This means a smaller yard, which could be a drawback for those wanting extensive outdoor space but a benefit for buyers seeking minimal landscaping responsibilities.
5. How recent are the renovations, and what do they include?
The listing confirms a renovated basement but does not specify the extent or date of renovations. Prospective buyers should inquire for details on the scope, permits, and quality of the updates.