307 Poplar Avenue

Property Overview & Key Characteristics

This one-and-three-quarter storey home on Poplar Avenue is a classic Winnipeg character property built in 1913. Its primary appeal lies in the combination of historical charm and practical updates, most notably a renovated basement. With a detached garage and a land area of nearly 3,400 sq ft, it offers more outdoor space than many properties in the city, ranking within the top 18% in Winnipeg for lot size. The home itself is compact at 934 sq ft, suggesting a efficient, manageable layout.

The data reveals a compelling narrative: this home holds a very strong position in several key metrics city-wide, particularly for its lot size and assessed value, but it sits on a street and within a neighbourhood where many properties are newer or larger. This creates a unique value proposition—it's a property that outperforms most of the city on paper, within a more modest, established local context. It would suit a first-time buyer or downsizer looking for a home with character, lower property taxes (as suggested by the assessed value), and a generous yard without the maintenance of a large house. It’s also a thoughtful option for a buyer who sees potential in the land itself or in gradual, personal renovations.

Frequently Asked Questions

1. Why is the assessed value significantly different from the last sold price?
The assessed value ($17.7k) is for municipal tax purposes and is not a market valuation. The last sold price of $140k in 2017 is a better historical indicator of its market value, though current conditions would determine today's price.

2. What does "One & 3/4 Storey" mean for the layout?
This style typically features a main floor and a second floor where the ceilings slope with the roofline, creating cozy bedrooms or spaces with character. The total finished living area is reported as 934 sq ft.

3. How does the lot size compare to nearby properties?
The 3,396 sq ft lot is in the top 17% on its own street, meaning it is larger than most of its immediate neighbours, which is a notable advantage in this area.

4. What is the significance of the "renovated basement"?
While specifics aren't provided, a renovated basement adds valuable finished space, which could be used for storage, utilities, or additional living areas, and is a key modern upgrade in an older home.

5. The home is over 110 years old. What should I consider?
While it offers charm, a home of this age will have older components. The renovated basement is a plus, but a thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. Its strong city-wide rankings for value and lot size, however, suggest a solid underlying investment.