Property Overview & Key Characteristics
This 1947-built, one-storey home on a 5,006 sqft lot in Lord Roberts presents a straightforward opportunity. Its primary appeal lies in its efficient 732 sqft living area and its position on a larger-than-average lot for the street, ranking in the top quarter for land size in the immediate area. The home is notably older than most on its street, but its assessed value is stable and mid-range for the neighbourhood. There is no basement, garage, or pool.
The property suits practical buyers looking for a manageable footprint, whether as a first home, a downsizing option, or a land-hold investment. Its appeal is grounded in simplicity and potential rather than immediate move-in luxury. A thoughtful perspective is that the very lack of a basement or complex systems can mean lower maintenance costs and a clear canvas for a future addition or garden suite, subject to approvals. It’s a property that asks for a vision focused on lot utility and efficient living over existing finishes.
Frequently Asked Questions
1. What does "no basement" mean for storage and mechanical systems?
The furnace, water heater, and other utilities will be located on the main floor, consuming some living space. Creative built-in storage solutions and possibly a shed will be important for seasonal items.
2. The living area is noted as quite small relative to Winnipeg averages. How is the layout?
While the specific floor plan isn't detailed, the 732 sqft size suggests a compact classic layout, likely with two or three bedrooms. The focus would be on efficient use of space and the potential to open up or reconfigure the existing footprint.
3. The home is older than most on the street. Should I be concerned?
It indicates the surrounding homes may be newer or more updated. A thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and envelope. However, an older home on a street of newer ones can sometimes represent a relative value opportunity.
4. The lot is large for the street. What are the possibilities?
The 5,006 sqft lot offers valuable outdoor space and future potential. This could range from extensive gardening to adding a detached garage or workshop. Long-term, it may allow for an addition or redevelopment, subject to City of Winnipeg zoning bylaws.
5. How does the assessed value compare to the last sale price?
The property was last sold in 2016 for $20,900 and is now assessed at $27,600. This increase reflects market changes and assessment adjustments over eight years. The sale price will be determined by current market conditions, not these historical figures.