Property Overview & Appeal
This 1905 one-and-three-quarter storey home in Spence presents a classic Winnipeg character property with notable space and a renovated basement. Its key appeal lies in the combination of its generous lot size—ranking in the top 9% of the neighbourhood—and a living area that provides comfortable room for a household. The fully renovated basement adds immediate functional living space without the need for a project. While the home shares the era and neighbourhood with many comparable listings, its assessed value sits higher than several nearby properties, suggesting municipal valuation of its condition or improvements.
This home would suit a practical buyer looking for established character in a central location, who values a larger-than-average urban lot. It’s a match for someone ready to maintain a historic home but appreciates that major foundational work like the basement has been addressed. The property also stands out for investors or owner-occupants who see long-term value in land size, which is a fixed asset in a mature neighbourhood.
Frequently Asked Questions
1. What does the "top X%" ranking for lot size actually mean?
It means this property's 2,051 sqft lot is larger than 91% of the lots in the Spence neighbourhood, making it a notably spacious parcel for the area.
2. The home was built in 1905. What should I expect?
You can expect classic construction charm but should prioritize a thorough inspection for an aging structure. Key focuses should be the original wiring, plumbing updates, insulation, and the condition of the foundation and roof, despite the basement renovation.
3. How does the assessed value compare to similar homes?
At $22,100, the assessed value is higher than several similar-sized and nearby homes in Spence (some of which are assessed between $8,300 and $19,900). This can sometimes reflect recent improvements or a different municipal valuation approach, but market price is determined by the seller.
4. There's no garage. What are the parking options?
The property relies on on-street parking. It's important to check the specific city parking regulations for Langside Street and observe availability at different times to gauge convenience.
5. The basement is renovated. What should I ask about this?
Ask for details on the renovation: when it was done, whether proper permits were pulled, the quality of the finishing, and if any moisture-proofing or drainage work was completed alongside the cosmetic updates.