Property Overview
This 1986 four-level split home at 1504 Leila Avenue in The Maples presents a practical and spacious family option. Its key appeal lies in its above-average living space (1,707 sq ft) on a good-sized lot (5,515 sq ft), offering more room than most homes on its street and in the wider neighbourhood. The home features a renovated basement and a detached garage. While the building itself is of average age for the area, the lot size and living space are standout characteristics that rank in the top tiers locally. The assessed value has seen a reasonable increase since its last sale in late 2022.
This property would suit buyers looking for established, roomy family living without a premium price tag. It’s ideal for those who value interior space and lot size over a newer build, and for handy individuals who can appreciate a renovated basement while potentially planning further updates to the main living areas over time. The numbers suggest it's a solid, value-oriented home in a mature neighbourhood rather than a luxury or turn-key property.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
Very favourably. The living area is larger than 98% of homes on Leila Avenue and 97% in The Maples, making it a notably spacious home for the area.
2. What does the “renovated basement” typically mean for a home of this age?
In a 1986 four-level split, this usually indicates the lower-level living space has been updated, potentially creating a second family room or recreational space. It’s wise to clarify the scope, permits, and finish quality of this renovation.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($416,000) is for municipal tax purposes and is often lower than market value. A more relevant gauge is the 2022 sale price of $385,000, considering market changes since then and the value of the renovations.
4. What are the pros and cons of a four-level split layout?
Pros include defined separation of living and sleeping areas, and often more windows. Cons can involve frequent stair use, which may not suit everyone, and a potentially choppier floor plan compared to an open-concept design.
5. The home is older than many on the street. Should I be concerned?
Not necessarily. While it ranks in the newer half for Winnipeg, it’s older than 64% of homes on its specific street. This suggests the immediate area has seen redevelopment. The trade-off is often a larger lot and more established landscaping compared to newer, denser builds. A thorough inspection is always recommended.