Property Overview: 35 Downs Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a practical opportunity. Built in 1970, its key features include a renovated basement and a manageable 1,012 sqft of living space. The property’s standout characteristic is its 3,520 sqft lot, which is notably larger than most on its street and in the immediate area, offering valuable outdoor space or future expansion potential in a mature neighbourhood.
The appeal lies in its grounded value proposition. With a recent sale price and assessed value significantly below the Winnipeg average, it represents an accessible entry point into the market. The renovated basement adds functional living space without the immediate need for major upgrades. This home would suit first-time buyers seeking a solid starter home, downsizers looking for a manageable single-level layout, or value-focused investors attracted by the below-average price point and the lot size, which is a relative rarity for the area.
Section 2: Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. While the house itself is modest in size, the land area is in the top 25% for Downs Avenue. This provides more private outdoor space than neighbouring properties and could be a long-term asset for gardening, recreation, or potential additions.
2. How does the assessed value compare?
The assessed value is below average for the street, neighbourhood, and city. This typically indicates a lower property tax burden, which is a practical financial benefit for the owner.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality of the renovation, its permitted status, and how it adds to the home’s functional living area.
4. Who might this property not suit?
Buyers seeking a move-in-ready home with modern, open-concept layouts or those requiring ample indoor space and multiple bedrooms may find this property too compact. The absence of a garage should also be considered.
5. How does the age of the home factor in?
Built in 1970, the home is of average age for its surroundings. While the basement has been updated, prospective buyers should budget for standard maintenance and potential updates to other original systems, such as roofing, windows, or the furnace, common for homes of this era.