Property Overview: 109 Andrews Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1906, presenting a straightforward opportunity in Winnipeg's Dufferin neighbourhood. With 720 sqft of living space and an unrenovated basement, it is notably smaller than most homes in the city. The property sits on a 2,475 sqft lot, which is also below average in size for the area.
Its primary appeal lies in its accessibility and potential. The assessed value is significantly lower than the citywide average, suggesting a very low entry point for homeownership or investment. This isn't a move-in-ready showpiece; its value is for a buyer who sees potential in the basics—a solid, century-old structure on its own lot—without the premium price of a modernized or larger home.
It would best suit a pragmatic first-time buyer comfortable with a project, an investor looking for a rental property with minimal upfront cost, or someone seeking the absolute most affordable path to owning a detached house. Its modest scale also means lower utility costs and less maintenance, which can be a thoughtful trade-off for the right owner.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific characteristics: its very small size, age, and lack of renovations compared to the typical Winnipeg home. It is assessed relative to similar properties, not the broader market of larger, updated houses.
2. What does "below average" in all the rankings mean for a buyer?
It confirms this is a below-average-sized and -valued property for the street, neighbourhood, and city. This isn't necessarily negative; it clearly defines the offering as a compact, affordable option without the frills or space of a standard home.
3. The home sold for $7,800 in 2020. Is the current price similar?
The 2020 sale price is a historical data point. The current asking or market value will be determined by current market conditions, but that previous sale underscores the property's long-standing position as a very low-cost entry in the market.
4. Is the unrenovated basement a major concern?
It indicates the basement is in original or functional condition, not modernized. Buyers should budget for inspections to understand its state (foundation, moisture, systems) and factor in potential future costs for upgrades or repairs.
5. Who might this property not be suitable for?
It would likely not suit a family needing multiple bedrooms, anyone seeking a turn-key or modern home, or a buyer who prioritizes resale value appreciation from standard features. Its appeal is niche, focused on utility and affordability over comfort or investment growth.