Property Overview
This single-storey home on a large, 5,000 sqft lot in Tyndall Park presents a practical opportunity with solid fundamentals. Built in 1971, its key appeal lies in the combination of a renovated basement and a property footprint that ranks highly within its immediate area. The assessed value has shown consistent growth, increasing from $220k in 2016 to $300k, indicating stable market recognition. With a living area just under 1,000 sqft, it suits first-time buyers, downsizers, or investors seeking a manageable property with a low-maintenance profile. Its strong rankings for lot size and value on its specific street suggest it’s a standout property on the block, offering more outdoor space than many neighbours. A thoughtful perspective is that while the home itself is average in size for the area, the generous lot provides valuable future flexibility—whether for gardening, expansion, or simply more privacy than typical infill lots.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and whether it includes a separate entrance or rental potential.
How does the 1971 build year affect the home?
While the structure is over 50 years old, major systems like roofing, plumbing, and electrical may have been updated over time. The recent basement renovation is a positive sign. Buyers should budget for potential age-related maintenance and review any recent upgrade records.
The lot is large, but is it usable?
At 4,999 sqft, the lot is significantly larger than many in Winnipeg. This allows for a larger backyard, but its exact layout (e.g., corner lot, depth vs. width) isn’t specified. It’s worth verifying if there are any easements or unusual configurations.
The home sold for $282k in 2021. Why is the assessed value now $300k?
The increase aligns with broader market trends over three years. The assessment suggests the city views the property’s value growth as in line with the area, but the actual sale price will be determined by current market conditions.
Who typically buys in this part of Tyndall Park?
The neighbourhood attracts a mix of long-term residents, young families, and practical buyers. This particular home, with its single storey and renovated basement, would likely suit those looking for affordability without a major project, or those who value a larger yard over a larger house.