Property Overview
This 1984-built bungalow in Southboine offers a practical, single-level layout on a large, mature lot. Its key appeal lies in the combination of a fully finished basement, a spacious and private yard (6,709 sqft), and the convenience of attached garage parking. The home's 1,376 sqft of living space is functional and well-established within a quiet neighbourhood.
The property suits buyers looking for a solid, move-in-ready home without the premium of a new build. It's ideal for first-time buyers seeking space to grow, downsizers wanting single-level living without sacrificing yard size, or practical investors attracted by its above-average city-wide value ranking. A less obvious strength is its "blank slate" potential; the mature lot and classic floor plan offer a stable foundation for future renovations or landscaping projects to add personalized value.
Frequently Asked Questions
1. How does the property compare to others in the area?
The data shows a mix. It ranks highly for its lot size (top 20% in Winnipeg) and assessed value (top 21% in Winnipeg), indicating good intrinsic value. However, its living area is more average locally (top 34% in Winnipeg). This suggests you're paying more for the land and overall property value than for sheer interior square footage.
2. What does the "fully finished basement" include?
The listing confirms the basement is finished, meaning it has legal living space such as recreation rooms, bedrooms, or a secondary suite. A professional inspection is recommended to confirm the quality of finishes, ceiling height, and ensure all work was permitted.
3. Is the 42-year-old age of the home a concern?
Homes from this era are common in Winnipeg and are often solidly built. The age means major components like the roof, windows, furnace, and plumbing are likely at or beyond their typical lifespan. A thorough inspection is crucial to understand upcoming maintenance costs, which should be factored into your budget.
4. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout or those unwilling to handle the maintenance and potential system updates of a 40-year-old home. It's also less ideal for those who prioritize being in the top tier of their immediate neighbourhood, as some rankings within the street and community are average.
5. What is the significance of the lot size ranking?
Ranking in the top 20% city-wide for lot size is a significant asset. It offers superior outdoor space for gardening, play, or entertaining, and provides more privacy than newer subdivisions. This is a long-term value driver that is increasingly rare, often justifying a premium over homes on smaller lots.