Property Overview: 442 Shelley Street, Winnipeg
Key Characteristics & Appeal
This 1966 bi-level home in Kirkfield offers a practical, no-frills foundation. With 1,046 sqft of living space and a renovated basement, it presents a manageable scale for first-time buyers, downsizers, or investors. Its appeal lies in its relative affordability and position as a solid entry point into the Winnipeg market. The lot, while smaller than many in the immediate Kirkfield area, is still a good size city-wide, offering decent outdoor space without overwhelming maintenance.
The home suits buyers prioritizing function and location over modern luxury. It’s a property where value is derived from its renovated basement adding functional space, its vintage being slightly newer than many on its street, and its assessed value sitting comfortably in the middle range for the city. This isn't a standout trophy home, but a straightforward, grounded option for those looking to get into the market with a property that has clear, incremental potential.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,046 sqft, the living area is below the average for both Shelley Street and the wider Kirkfield neighbourhood, but is very close to the Winnipeg city-wide average. It's a compact, efficient layout.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($34,400) is a municipal figure for tax purposes and is typically lower than market value. It places the property around the middle of the pack locally and city-wide, suggesting a competitively priced home rather than a premium one.
3. What does the sold price history indicate?
Records show it last sold between $27.5k and $30.5k in late 2016. This historical data points to a market where significant equity growth may have occurred, but current value will depend heavily on the condition of the renovation and present market conditions.
4. The home is noted as having a "renovated basement." What should I ask about this?
It's crucial to inquire about the scope, quality, and permits for the renovation. Understanding what was done (e.g., moisture proofing, electrical, finishing) and when, will help assess the true value and any potential future costs.
5. There's no garage. How does parking work?
The listing indicates no garage. Buyers should verify on-site parking options, such as a driveway or designated street parking, and review any relevant city bylaws for the area.