Property Overview & Key Characteristics
This one-storey home in Windsor Park is a classic 1960s bungalow on a large, 5,775 sqft lot. Its primary appeal lies in its balance of space, location, and value. The home features a renovated basement and a detached garage, offering functional living and storage options. The lot size is notably above average for the street and neighbourhood, presenting a key asset for privacy, gardening, or future expansion.
The property’s data reveals a nuanced position in the market. While the living area is comfortable and ranks well within the area, the home’s assessed value is notably high relative to its immediate neighbours, placing it in the top 12% of the street and Windsor Park. This suggests the municipal assessment recognizes significant underlying value, potentially from the lot size, renovations, or other improvements not fully detailed in the basic stats. It would suit a buyer looking for a solid, single-level layout in a mature neighbourhood, who values a larger outdoor space and is perhaps willing to update the main living areas over time. It’s a practical choice for downsizers, small families, or investors attracted by the stable Windsor Park area.
Frequently Asked Questions
1. What does the high assessed value ranking mean?
The home’s assessed value is in the top tier for its street and neighbourhood. This often reflects factors like lot size, recent renovations (like the basement), or overall condition that the city’s assessment model recognizes. It’s a positive indicator of the property’s official valuation but should be considered alongside a current market appraisal.
2. Is the larger lot a major advantage?
Yes. At 5,775 sqft, the lot is substantially larger than many in the area. This provides more privacy, yard space, and potential for additions, gardens, or outdoor living areas that are harder to find in newer subdivisions.
3. Who might this home not suit?
Buyers seeking a modern, open-concept layout or a brand-new home may find the original 1963 floor plan requires updates. Additionally, those sensitive to property taxes should investigate, as the higher assessed value could correlate with a higher tax bill.
4. How does the detached garage impact use?
A detached garage offers flexibility—it can be a workshop, studio, or storage space without affecting main house air quality or noise. However, it means a walk to your vehicle in Winnipeg winters, which is a practical consideration.
5. The listing mentions a renovated basement. What usually isn’t said?
A renovated basement in a home of this era adds valuable liveable space, which is a huge plus. It’s wise to ask about the quality of the renovation, whether proper permits were pulled, and how it addresses moisture control and ceiling height, which can be challenges in older bungalows.