Property Overview: 379 Shelley Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Kirkfield neighborhood, built in 1961. With 942 sqft of living space, it is notably smaller than most comparable homes locally, positioning it as a more manageable and potentially affordable option. A key feature is its renovated basement, adding functional space. The property sits on a 6,130 sqft lot, which is above average citywide, offering valuable outdoor space relative to the home's footprint. It includes a detached garage. The home's assessed value is modest compared to the immediate street but aligns more closely with broader area and city averages.
Its primary appeal lies in its efficiency and lot size. It suits first-time buyers or downsizers seeking a lower-maintenance property without sacrificing yard space. The renovated basement adds flexibility for a home office, guest area, or recreational use. For the right buyer, the smaller interior can be a feature, not a drawback—promoting a simpler lifestyle with lower utility costs and less to maintain, while the larger-than-average lot provides room for gardening, pets, or future expansion.
Frequently Asked Questions
1. Is the smaller living area a significant concern?
While the home is smaller than many in the area, this translates to lower heating/cooling costs and less upkeep. The renovated basement effectively expands the usable space, making it practical for daily living.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically below market value. Its position around the city average suggests it's in a common valuation range, but the final sale price will depend on market conditions, the home's condition, and buyer demand.
3. What is the significance of the lot size?
At over 6,000 sqft, the lot is a standout feature citywide. It offers ample private outdoor space, which is a valuable asset for families, gardeners, or anyone who enjoys entertaining outdoors, and can be a good long-term investment as land is finite.
4. What should I know about a home built in 1961?
While the basement has been renovated, it's wise to have a standard inspection to review the condition of major systems (like plumbing, electrical, and the foundation) common to homes of this era, as well as the roof and insulation.
5. Are recent sold prices on the street a good indicator for this home?
Nearby sales provide context, but direct comparison is difficult without knowing the exact condition and features of those sold homes. The price history for this specific address, available by request, will give a more precise picture of its market trajectory.