Property Overview
This one-storey home on a generous lot in Sargent Park presents a practical and value-conscious opportunity. Built in 1927, its key characteristic is a renovated basement, adding functional living space to the 748 sqft main floor. The property’s appeal lies in its solid positioning within the local market: it sits on a lot larger than 70% of others on its street and ranks within the top quarter of Winnipeg homes for living area relative to its age. The detached garage and the recent sale history provide a stable foundation for value. This home would suit first-time buyers seeking an entry point into a mature neighbourhood, or an investor looking for a manageable property with updated fundamentals and clear, data-supported comparables.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, ceiling height, and whether it includes legal secondary suites or simply additional living/recreation space.
How does the assessed value compare to the likely asking price?
The property is assessed at $25,500k. For context, it last sold for $24,500k in September 2021. In a stable market, this suggests a list price potentially close to these figures, but current conditions and the renovated basement will influence the final asking price.
Is the living space sufficient for a small family?
At 748 sqft on the main floor plus the renovated basement, the home is compact. It may suit a small or young family comfortable with efficient living, where the basement provides crucial extra space for play, office, or storage.
What is the significance of the provided property rankings?
The rankings show this home outperforms many peers in key metrics. For example, its living area is larger than 92% of Winnipeg homes, and it's newer than 85% of them. This indicates you are getting a relatively spacious and structurally younger home for the area, which is not always obvious from the build date alone.
Who maintains the detached garage, and what is its condition?
The garage is detached, a common feature for homes of this era. Its specific condition, size, and any shared maintenance responsibilities for the alley or lane it likely faces are not detailed and should be clarified during a viewing.