1054 Mountain Avenue

Property Overview: 1054 Mountain Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1950, presents a practical opportunity centered on its land and location. Its primary appeal lies in the generous 6,003 sqft lot, which is significantly larger than most in the immediate area and Burrows Central neighbourhood. This above-average outdoor space offers clear potential for gardening, expansion, or simply more privacy than typical local parcels.

The home itself is modest in size at 888 sqft of living area, but it features a renovated basement, adding functional space. Its assessed value is consistent with area norms, suggesting a stable, entry-level point in the market. The data indicates a property that isn’t a standout citywide in terms of size or assessed value, but one that holds strong local appeal due to its lot size and being newer than many neighbouring homes.

This property would suit a first-time buyer or practical investor looking for a foothold in the neighbourhood with a valuable land asset. It’s also a fit for those who prioritize outdoor space over a large interior footprint and are willing to update a classic layout over time. A less obvious perspective is its appeal to a buyer interested in the long-term potential of the lot itself, as larger parcels in established areas become increasingly scarce.

Frequently Asked Questions

1. How does the lot size compare to nearby properties?
The 6,003 sqft lot ranks in the top 8% on Mountain Avenue and the top 3% within the Burrows Central neighbourhood, making it notably larger than most comparable local properties.

2. What is the significance of the assessed value being "around average" locally but "below average" citywide?
This reflects the property’s stable standing within its specific, more affordable neighbourhood market, while highlighting the broader variation in property values across different areas of Winnipeg.

3. The living area is below average. How does the renovated basement factor in?
The renovated basement adds functional space that is not reflected in the official above-grade living area square footage, effectively increasing the usable footprint of the home.

4. The home was last sold in 2019. What might this indicate?
A sale five years ago suggests the current owners have undertaken some updates, like the basement renovation, during their tenure, providing a more recent history of maintenance.

5. There is no garage. Is there room to add one?
The substantial lot size provides a clear advantage for potentially adding a garage or dedicated parking structure, subject to local zoning and permit requirements.