Property Overview
This two-storey home on a large lot in Winnipeg's Point Road neighbourhood presents a compelling blend of space, location, and value. Built in 1952, its key appeal lies in its generous proportions. With over 2,300 square feet of living space, it ranks in the top 1% of homes on its street for size, offering rare interior volume for the area. The 5,880 sqft lot provides ample outdoor space and ranks in the top 18% of the street. A renovated basement adds functional living area. While the home itself is older, its assessed value sits in the top 10% of the street, suggesting it is well-maintained and positioned in a desirable pocket of the neighbourhood.
Its appeal is for the practical buyer who prioritizes space and location over new construction. It would suit a growing family needing room to spread out, a multi-generational household benefiting from the renovated lower level, or a value-conscious buyer looking for a home with "good bones" in an established area. The property offers a chance to own one of the largest homes on the block, with the lot size and interior space providing a solid foundation for both immediate living and future modernization.
Frequently Asked Questions
Q: How does the age of the home factor into its value?
A: While built in 1952, the home's above-average assessed value and renovated basement indicate updates have been made. The value is likely driven more by its large lot and substantial square footage—features harder to find in newer builds at this price point.
Q: What does the "rank" data actually tell me?
A: The percentile rankings compare this property directly to its immediate neighbours, the wider area, and all of Winnipeg. For example, ranking in the top 1% for living area on its street underscores that this is an unusually spacious home for this specific block, not just in general.
Q: There's no garage. How significant is that?
A: This is a trade-off common for older, established neighbourhoods. The large lot may offer potential for adding a garage or carport, subject to local bylaws. Buyers should weigh the ample indoor and yard space against the lack of dedicated vehicle storage.
Q: The assessed value seems low relative to the size. Why?
A: Municipal assessed value for taxation purposes is often lower than market value and is based on a mass appraisal system. Its high ranking (top 10% on the street) shows it's valued above most neighbours. The market price will be influenced by current condition, finishes, and market demand.
Q: What can nearby "similar assessed value" properties tell me?
A: This list shows homes with an identical tax assessment across Winnipeg. It highlights that for the same tax valuation, you could be in a different neighbourhood or style of home. It reinforces that this property's value proposition is specifically its space and location within Point Road.