Property Overview & Key Characteristics
This is a compact, one-storey home built in 1904 on a standard city lot in Winnipeg's Dufferin neighbourhood. Its primary appeal lies in its position as an entry-point property with a very low municipal assessed value, which suggests a potentially affordable price point and corresponding tax burden. The house itself, at 760 sqft with an unrenovated basement and no garage, is significantly smaller and older than most homes in the city, street, and area.
This property would suit a specific type of buyer: those seeking absolute minimal holding costs, investors looking for a basic rental property, or handy individuals viewing it as a blank-slate project. Its value is not in move-in-ready condition or size, but in the land and the opportunity it represents. A thoughtful perspective is that its below-average metrics across the board aren't necessarily drawbacks for the right buyer—they are the defining characteristics that make it accessible. It’s a property defined more by its potential and low baseline costs than by its current state.
Frequently Asked Questions
1. What does the assessed value tell me about the likely price?
The municipal assessed value is very low ($9,200), which typically indicates a lower market price and property tax bill compared to most homes. However, the sale price is ultimately set by the market. A nearby, similar home sold for $8,500 in 2023, which is a useful benchmark.
2. How much work might this property need?
Given its age (1904) and the note of an unrenovated basement, buyers should budget for ongoing maintenance and potential updates. It is likely a candidate for gradual modernization or a full renovation, depending on the buyer's goals.
3. Is the lot size a positive factor?
The land area is around average for the immediate street and area, which is a neutral-to-positive point. It provides standard outdoor space for a city home but is not an unusually large lot.
4. Who would this property not suit?
It would not suit buyers looking for a turn-key, spacious, or modern home. The limited living area, lack of garage, and older construction mean it's geared toward those comfortable with a project or who prioritize low cost above all else.
5. How does it compare to nearby homes?
The data shows it is smaller, older, and has a lower assessed value than most comparable homes on Flora Avenue and in the wider Dufferin area. This reinforces its position as a more basic, affordable option in the neighbourhood.