Property Overview: 2848 Ness Avenue
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1965, presents a solid opportunity in Winnipeg's Booth neighbourhood. Its key characteristic is space: with nearly 1,500 sq ft of living area, it ranks in the top 4% for size on its street. The lot is also generous at over 4,200 sq ft. While the basement exists, it is noted as not being renovated, indicating potential for future finishing or utility space rather than move-in-ready amenities. There is no garage or pool.
The appeal lies in its established location and the value of the land and living space it offers. The home suits practical buyers looking for a footprint to grow into or customize over time. It would particularly fit first-time buyers or investors who prioritize square footage and lot size over turn-key condition and are comfortable with a property that has a functional, unrenovated basement. The recent assessed value is notably low for the area, which may indicate an opportunity, but also suggests the property likely requires updates. Its strongest suit is not luxury, but foundational potential in a well-ranked location for lot size.
Section 2: Frequently Asked Questions
1. What does "4-level split" mean for daily living?
This style home typically features short flights of stairs separating living, sleeping, and utility areas. It offers good separation of space but involves more stairs than a bungalow or two-story. It’s efficient for zoning heat and noise between levels.
2. The assessed value seems low. What does that indicate?
A lower assessment can reflect the home’s original condition and unrenovated state. It often translates to lower property taxes, which is a benefit, but also signals that significant updates may be needed to bring the home in line with neighbourhood norms.
3. What is the neighbourhood like?
Booth is a mature, established area. The property ranks in the top 4% for lot size within the neighbourhood, suggesting it's on a larger, possibly more private parcel than many around it. This is a key point of value.
4. What are the implications of having no garage?
This means all vehicle parking will be on the driveway or street. It also reduces storage space and can be a consideration for Winnipeg winters. Budgeting for a future garage addition or carport could be a factor.
5. How should I interpret the "not renovated" basement?
This likely means the basement is in original or functional condition, with concrete walls and floors, basic lighting, and meant for utilities and storage. It’s a blank canvas but will require investment to finish as living space. Ensure a thorough inspection for moisture or foundational issues common in older homes.