Property Overview & Key Characteristics
This two-storey home on Drake Boulevard in the Maginot neighbourhood is a classic Winnipeg property with strong, practical appeal. Built in 1967, it sits on a generously sized lot that ranks within the top 5% on its own street for land area. The 1,100 sqft living space has been updated with a renovated basement, adding valuable finished square footage. While the home itself is of a common size for the area, its standout feature is the land parcel, offering above-average outdoor space and potential in a mature, established setting. It has no garage or pool.
The primary appeal lies in its balance of a ready-to-move-in condition (thanks to the renovated basement) and the latent value of its sizable lot in a well-ranked city location. It suits first-time buyers looking for a solid starter home without a major renovation project, or practical-minded investors seeking a property with good land value in a stable neighbourhood. A thoughtful perspective is that while the house is average in size, its lot size is a relative rarity on the street, offering more privacy and yard space than many neighbouring properties—a premium that isn't always captured in square footage alone.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era usually means it is finished as a livable space, potentially including recreation rooms, additional bedrooms, or a bathroom, adding significant functional space to the 1,100 sqft main floors.
2. How does the lack of a garage affect daily living and value?
It requires planning for street parking, which is common in older neighbourhoods. For some buyers, this is a trade-off for the larger lot, which could allow for the future addition of a garage or shed. It often makes the property more accessible to buyers with different budget priorities.
3. The assessed value seems low compared to some similar listings. Why?
Municipal assessed value for taxation purposes often lags behind current market values and does not account for recent interior renovations or precise condition. The market price is determined by recent sales of comparable homes, buyer demand, and the specific updates made to this property.
4. Is the larger lot mostly lawn, or are there mature trees/gardens?
This is a key visual question. A lot of this size in a 1960s neighbourhood could feature mature trees and landscaping, offering privacy and aesthetic appeal that smaller, newer lots lack. A viewing would confirm its current state and potential.
5. What is the Maginot neighbourhood like for families and amenities?
As a mature Winnipeg neighbourhood, it typically offers a mix of long-term residents and younger families, drawn by established schools, parks, and local shopping. Its central ranking within Winnipeg for lot size suggests it's a known, stable area with a community feel.