Property Overview & Key Characteristics
This 1956 one-storey home in Silver Heights sits on a generous 5,928 sqft lot, offering more land than over half the properties on its street. With 1,077 sqft of living space, its interior size is comfortably in the middle range for the area. The home features a detached garage and has no basement or pool. Its assessed value of $29.9k positions it as a more affordable entry point within Winnipeg, ranking in the top third of the city for value. The appeal here is grounded in its established neighbourhood, above-average lot size for the street, and a valuation that suggests room for personalization. It would suit a first-time buyer, an investor, or someone looking for a solid footprint in a mature community without a premium price tag, who is comfortable with a home that may require updates reflective of its era.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value of $29.9k is notably lower than many comparable homes in Winnipeg, indicating a potentially lower property tax base. It often reflects the home's original condition and size, suggesting it presents as a value-priced canvas for renovations.
2. How does the lot size compare to others nearby?
At nearly 6,000 sqft, the lot is larger than 53% of properties on Olive Street. This is a key asset, offering more outdoor space than many neighbouring homes, which is less common for homes of this vintage in established areas.
3. The home was built in 1956. What should I consider?
Built 70 years ago, the home is newer than most on its street but will likely have original or older mechanical systems (like plumbing and electrical) and fixtures. A thorough inspection is essential, but its age is typical for the character of Silver Heights.
4. How does this home compare to others in Silver Heights?
The living area is smaller than about two-thirds of homes in the wider neighbourhood, but the lot size is a compensating feature. Compared to nearby references like 299 Davidson Street (similar age/size but valued higher), this listing appears to be priced for its condition rather than its potential.
5. What is the neighbourhood context?
Olive Street is a stable, established area. The home is surrounded by properties of similar age and style, offering neighbourhood consistency. Its value ranking in the top 40% for Silver Heights suggests it's in a relatively desirable pocket of the community.