Property Overview & Appeal
This 1985 four-level split home at 196 Point West Drive sits on a generous 6,304 sqft lot in Winnipeg's Richmond West neighbourhood. Its key characteristic is a well-proportioned layout offering approximately 1,651 sqft of living space over multiple levels, providing clear zones for living and sleeping. A recently renovated basement adds modern, functional space. The property’s appeal lies in its established, quiet street setting with an above-average lot size for the area, offering room for gardening or outdoor enjoyment. It represents a solid value proposition in the market, with an assessed value notably lower than its last sale price in 2019, suggesting potential equity for a buyer.
This home would suit practical, value-conscious buyers such as growing families seeking space without a premium price tag, or downsizers from larger homes who want room for guests or hobbies without excessive upkeep. It’s also a sensible fit for first-time buyers ready for a single-family home who appreciate a renovated basement move-in ready. A less obvious perspective is its appeal to those who prioritize land over a brand-new build, seeing the mature lot and established neighbourhood as a stable, long-term foundation.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
At 6,304 sqft, the lot is larger than approximately 71% of other properties on the same street, offering more private outdoor space than many in the immediate vicinity.
2. What is the significance of the assessed value versus the last sale price?
The current assessed value is $44,700, while the home last sold in 2019 for $42,500. This indicates the municipal assessment has risen, which can reflect market trends, but the ultimate value is determined by current buyer demand.
3. Are there any notable features not immediately obvious from the data?
The listing specifies a renovated basement, which is a key functional upgrade. The home is also a four-level split, a style known for creating distinct living areas and potential for flexible use of space.
4. How does the property rank for its age and size in Winnipeg?
Built in 1985, it is newer than about 68% of Winnipeg homes. Its living area is larger than roughly 79% of homes in the city, placing it in a comfortable middle range for space.
5. What are comparable nearby properties like?
Similar homes in the area, such as 177 Brentlawn Boulevard (also built in 1985) and 66 Southlawn Stroll (built 1984), show consistent assessed values and living areas, confirming this property is in line with its immediate market.