Property Overview: 693 Flora Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Dufferin is defined by its generous living space and established neighbourhood setting. Built in 1910, its primary strength is a notably spacious 1,502 sqft interior, which ranks within the top 11-12% for size compared to homes on its street and in the wider Dufferin area. This offers a significant footprint less common in homes of this era. The property sits on a 3,052 sqft lot, providing a manageable outdoor space typical for the central street.
The appeal lies in its above-average interior space within a context of a modest assessed value. It presents a classic, no-frills character: it has a basement (not renovated) and no garage or pool. This profile suits practical buyers looking for room to grow or customize without paying a premium for modern upgrades or extensive land. It’s a solid candidate for a first-time homeowner comfortable with a century-home project, or an investor seeking a character property with a functional layout in a long-established community. A thoughtful perspective is recognizing that its high city-wide ranking for assessed value (Top 97%) actually indicates a very low municipal assessment compared to the Winnipeg average, which can be a double-edged sword: potentially lower property taxes, but also a signifier of the home’s unrenovated state and the neighbourhood’s valuation context.
Frequently Asked Questions
1. What does the "above average" living area ranking mean practically?
It means this home offers substantially more interior space than most comparable homes directly on Flora Avenue and in the Dufferin neighbourhood, providing more room than typical for the area.
2. Why is the city-wide assessed value ranking so high (Top 97%)?
A high percentile here indicates a lower value. The assessed value of $14,400 is significantly below the Winnipeg average (stated as ~$390k), placing it in the top tier of least-expensive properties city-wide. This reflects the home’s unrenovated condition and local market values.
3. What should I know about a 1910-built home?
While solidly built, a 116-year-old home will likely require ongoing maintenance and updates to major systems like wiring, plumbing, and insulation. The unrenovated basement suggests potential for moisture management or foundational considerations.
4. How does the lack of a garage affect daily life here?
Parking will be on-street. This is common for the area, but buyers should consider winter parking regulations, vehicle security, and convenience for loading/unloading.
5. The home sold for $150k in 2019. How useful is that price today?
It serves as a historical benchmark, but market conditions have likely shifted. It’s best used as a reference point for the property’s trajectory, not as a direct indicator of current value.