Property Overview
This 1977 one-storey home in Valley Gardens presents a practical and value-oriented opportunity. Its primary appeal lies in a desirable combination of a larger-than-average lot and a recently renovated basement, offering immediate livability and future potential. The 2,599 sqft lot size is notably spacious, ranking in the top 5% for the street, which is a significant asset for gardening, play, or expansion. With a living area of 848 sqft, the home itself is compact and efficient. The key modern update is the renovated basement, adding crucial functional space. The assessed value of $240k positions it as a solid, mid-range option within a stable Winnipeg neighbourhood.
This property would suit first-time buyers seeking a move-in-ready home with a great yard, or downsizers looking for single-level living without sacrificing outdoor space. It’s also a sensible choice for value-focused buyers who appreciate a home where a major renovation (the basement) is already completed, allowing them to allocate resources elsewhere. A less obvious angle is its appeal to those who prioritize land size over sheer house square footage—a trade-off that offers long-term flexibility.
Key Details & FAQs
Key Characteristics:
- Building: One-storey, 848 sqft, built in 1977.
- Land: A standout 2,599 sqft lot, ranking in the top 5% on the street.
- Features: Renovated basement; no garage or pool.
- Value: Assessed at $240,000, placing it in the top 20% for Winnipeg.
- Context: The home is older than most on its street but has a larger lot and living area than many in the broader neighbourhood.
Frequently Asked Questions
1. What is the neighbourhood like?
Valley Gardens is an established, mature neighbourhood in Winnipeg. The property rankings show it's a stable area with a mix of home ages and values, offering a classic community feel.
2. Is the basement a legal suite?
The details state the basement is renovated but do not specify if it's a legal secondary suite. This is a critical point to verify with the listing agent and the city, as it impacts value, insurance, and potential rental income.
3. What are the typical maintenance considerations for a home of this age?
Built in 1977, buyers should budget for or investigate the age and condition of major systems common to that era, such as the roof, windows, plumbing, and electrical, even though the basement has been updated.
4. How does no garage affect daily life and value?
The lack of a garage means relying on street parking or the potential to add a driveway or carport. This is a common feature in many older neighbourhoods and is reflected in the price, but it's a practical consideration for vehicle storage and winter conditions.
5. The assessed value is $240k; what does that mean for the listing price?
The assessed value is for municipal tax purposes and is a useful benchmark. The listing price is set by the seller and the market, and can be higher or lower. The provided comparable listings with similar assessed values can give you a sense of what price range this home may compete within.