Property Overview
This two-storey home at 848 St. Mary's Road in Winnipeg's Norberry neighbourhood offers a classic layout with notable space and a large lot. Built in 1955, its key appeal lies in its generous proportions. With nearly 2,000 square feet of living space, it ranks in the top 10% for size across Winnipeg, providing ample room for a growing family or those who value spaciousness. The 6,311 sqft lot is well above average for the street. The home features a detached garage and an unrenovated basement, presenting a solid foundation with clear potential for personalization. Its assessed value is consistent with many homes in the area.
This property would suit a practical buyer looking for a character home with room to grow, either in a family or in terms of equity through updates. It’s ideal for someone who sees value in a larger footprint and lot size over a newer build, and who is prepared to take on a basement project in time. A less obvious appeal is its positioning on a major route like St. Mary's Road, which offers ultimate convenience for commuters, though this comes with the typical trade-off of increased traffic noise versus a quiet side street.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a home of this era?
It generally indicates the original foundation, layout, and mechanical systems are intact and functional, but finishes like flooring, walls, and ceilings are likely dated. It presents a blank canvas for future development.
2. How does being on a main road like St. Mary's affect living here?
The primary benefit is exceptional access to major routes across the city. Considerations include higher traffic noise and potential dust compared to interior streets, which is often reflected in a slightly more accessible price point for the square footage offered.
3. The home ranks highly for size but lower for year built. What should I consider?
This is common for established neighbourhoods. It means you're getting significant space for the area, but systems like plumbing, electrical, and the roof will be older and should be carefully inspected. The value is in the enduring layout and lot size.
4. The assessed value seems low for the living area. Why is that?
Municipal assessed value for taxation purposes is not market value. It often lags behind market trends and is based on mass appraisal. A lower assessment relative to the home's size can be advantageous for property taxes, but the sale price will be determined by current market conditions.
5. What is the potential like for the large lot?
The lot size is a significant asset. Beyond simple yard space, it allows for future possibilities like adding a larger garage, creating extensive landscaping or garden areas, or even building an addition, subject to local zoning bylaws.