Property Overview: 2866 Ness Avenue
Key Characteristics & Appeal
This two-storey home, built in 1965, presents a compelling opportunity on a large, mature lot in Winnipeg's Booth neighbourhood. Its primary appeal lies in a combination of generous space and a strategic location. With 1,536 sqft of living area, the home ranks in the top tier for size both on its street and within the wider city, offering more interior room than most comparable properties. This is complemented by a substantial 4,136 sqft lot, placing it in the top 2% for land area on the street, which is a significant asset for privacy, gardening, or future expansion.
The home features a renovated basement, adding valuable finished living space. While it does not have a garage or pool, the focus here is on the existing footprint and potential. It suits practical buyers looking for a spacious canvas—whether that's a growing family needing room to spread out, a value-oriented purchaser who sees the merit in the large lot and solid square footage, or an investor recognizing the underlying value in the land and the desirability of ample living space in a well-established area.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A professional inspection is recommended to determine the quality, scope, and condition of the renovation work.
2. How does the lack of a garage affect daily living and property value?
The property has no garage, which is a consideration for vehicle storage and winter weather. However, the very large lot may provide ample space for adding a parking pad or future garage, subject to local bylaws. This is often a trade-off for the lot size in established neighbourhoods.
3. The assessed value seems low. Is that accurate?
The municipal assessed value is $26,700k, which is a formula-based figure for tax purposes and often differs from market value. The last recorded sale was in 2017 for $23,300k. Current market value would be determined by recent comparable sales, condition, and buyer demand.
4. What is the neighbourhood like?
Located on Ness Avenue in Booth, the property ranks in the top 2% for lot size within its immediate neighbourhood. This suggests it's among the largest properties on the block, offering a sense of space. Prospective buyers should visit at different times to assess traffic, noise, and overall community feel.
5. Are there any major concerns given the home's age?
Built in 1961, the home's major systems (roof, plumbing, electrical, foundation) are likely original or have been updated at various times. A thorough home inspection is crucial to understand the condition and anticipate any needed repairs or updates, which is typical for homes of this vintage.