Property Overview: 676 Wellington Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1909) in Winnipeg's Daniel McIntyre neighbourhood. With 1,080 sqft of living space on a 2,670 sqft lot, it presents as a modest, no-frills property. Its key characteristics include a one-and-a-half storey layout, an unrenovated basement, and no garage.
The primary appeal lies in its position as an entry-point property. Its assessed value is significantly below averages for the street, neighbourhood, and city, suggesting a very low property tax burden and an accessible price point. It suits a specific type of buyer: those seeking absolute minimal holding costs, investors looking for a straightforward rental property, or hands-on individuals viewing it as a blank-slate project. Its smaller scale and older vintage mean it's not for everyone, but for the right buyer, it represents a low-barrier opportunity in a central location. A less obvious perspective is that its consistently "below average" metrics across the board could indicate a property that is purely valued for its land and location, with the existing structure holding minimal market value—this can be an advantage for someone without the pressure to preserve a historically significant home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value of $12,500 is extremely low, placing it in the bottom 1% of the city. This typically reflects the property's modest size, age, condition, and lack of recent upgrades compared to other homes, resulting in a low property tax bill.
2. What does "one & 1/2 storey" mean for this house?
This style, common for homes of this era, usually features main living areas on the ground floor with smaller, often cozier rooms under sloped ceilings on the upper level. It maximizes space on a smaller footprint.
3. Is the unrenovated basement a major concern?
It indicates the basement is in original or functional condition without modern finishes. Buyers should budget for potential updates for moisture control, insulation, or living space, and should have it inspected for foundational and drainage issues common in century-old homes.
4. Who would this property be a good fit for?
It is best suited for budget-conscious first-time buyers, investors seeking a rental with low carrying costs, or renovators looking for a project without the premium of a move-in-ready home. Its scale is manageable for a single person or a couple.
5. How does the lot size affect its potential?
At 2,670 sqft, the lot is smaller than the city average. This limits expansive outdoor additions but makes for low-maintenance yard upkeep. For future development, it's essential to check specific zoning bylaws for allowable builds or expansions.