Property Overview & Key Characteristics
This well-established home on a generous 6,147 sqft lot in Southboine offers a blend of space, mature setting, and solid value. Built in 1977, the two-storey (with some one-storey elements) design provides over 2,000 sqft of living space, which is notably larger than most Winnipeg homes. Its appeal lies in its established neighbourhood feel, significant lot size for potential gardening or outdoor enjoyment, and a fully finished basement that adds functional living area. The property ranks highly for its size and value within the wider city context.
It would suit buyers looking for a move-in-ready home with room to grow, who appreciate the character and stability of an older neighbourhood. It's ideal for those prioritizing indoor and outdoor space over newer construction or a garage. The strong city-wide rankings for living area and assessed value suggest a property that offers more square footage for the dollar compared to many alternatives, appealing to practical, value-conscious purchasers.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, broader community, and all of Winnipeg. For example, its living area is larger than 91% of Winnipeg homes, indicating it's a spacious property for the market.
2. There's no garage. Is there space or potential to add one?
With a lot size over 6,000 sqft, there is likely space to consider adding a detached garage or carport, subject to local zoning bylaws and setback requirements. This is a potential project for a future owner.
3. The home is almost 50 years old. What should I consider?
While the finished basement is a plus, the age means systems like the roof, windows, plumbing, and electrical may be original or nearing their typical lifespan. A thorough inspection is essential to understand the home's condition and plan for any updates.
4. The community ranking for size is lower than the city ranking. Why?
The home ranks in the top 35% for size within its own community, but the top 9% city-wide. This suggests the Southboine area may generally have larger homes, so while this property is spacious overall, it's more average within its specific, desirable neighbourhood.
5. How does the assessed value relate to the likely selling price?
The municipal assessment of $528,000 is for tax purposes and is based on past market data. The actual selling price will be determined by current market conditions, the home's specific state, and buyer demand. It serves as a useful benchmark, not a sale price.