Property Overview
This one-and-three-quarter storey home at 448 Logan Avenue in Winnipeg's Centennial neighbourhood presents a distinct opportunity. Built in 1892, it sits on a modest 2,324 sqft lot but offers a generous 1,362 sqft of living space, which is notably larger than many homes on its street. Key features include a detached garage and a basement that is present but not renovated. The home last sold in 2016 for $110k and carries a current assessed value of $13,200.
Its appeal lies in its above-average interior space for the area and its historic character, offering a canvas for restoration. The below-average assessed value and recent sale price suggest potential entry-level affordability. This property would best suit a hands-on buyer looking for a character home in a central location, who is prepared for the realities of an older, unrenovated property. It's less suited for those seeking a modern, move-in-ready home or a large outdoor space.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically means the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating full but cozier rooms compared to a true two-storey design.
2. The assessed value seems very low compared to the 2016 sale price. Why?
Municipal assessed value for tax purposes is not the same as market value. It is based on a mass appraisal system and can lag behind actual market trends. The significant difference here highlights the importance of obtaining a current market evaluation.
3. How significant is the "unrenovated basement" mention?
For a home of this age, it's a crucial consideration. It likely means original foundations, flooring, and mechanical systems. While it offers potential, any renovation will need to address modern moisture control, insulation, and safety standards, which can be a major project.
4. The living area is large for the street, but the lot is small. What are the implications?
This indicates the house occupies a large portion of the property. Benefits include more interior space, but drawbacks can include limited natural light on the sides, less yard space, and potential challenges for exterior work or additions due to tight side setbacks.
5. The rankings show the home is older than almost all others nearby. What should I consider?
A build date of 1892 means potential for historic charm and solid craftsmanship, but also necessitates thorough inspections for outdated wiring, plumbing, insulation, and the overall condition of the structure. It underscores the home's character but also its need for careful evaluation.