Property Overview & Key Characteristics
719 Flora Avenue is a compact, one-storey home in Winnipeg's Dufferin neighbourhood, built in 1906. Its key appeal lies in its position as an affordable, no-frills entry point into the housing market. With 768 square feet of living space and a detached garage on a 2,871 sqft lot, it is notably smaller than most comparable homes in the area, city, and on its own street. This translates to a lower assessed value, which sits around the average for Flora Avenue but is well below the citywide average.
The home suits first-time buyers, investors, or downsizers with a limited budget who prioritize location over size and are prepared for a project. Its appeal is grounded in practicality: it offers ownership in an established neighbourhood without a premium price tag. A thoughtful perspective is that its smaller scale could mean lower utility costs and less maintenance, while the unrenovated basement presents a clear, if not immediate, opportunity to add value. It’s a property for those who see potential in fundamentals rather than finished perfection.
Frequently Asked Questions
1. How does the home's size compare to others?
It is significantly smaller than average. Living area is about 350 square feet less than typical homes on Flora Avenue and roughly 575 square feet less than the Winnipeg average.
2. What does the assessed value indicate?
The assessed value is around average for the immediate street and neighbourhood, but ranks in the bottom 1% citywide. This primarily reflects the home's smaller size and age compared to the broader market, not necessarily its condition.
3. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is likely in a rough or utility state, offering potential for future development.
4. How old is the property, and what should I consider?
Built in 1906, the home is over 115 years old. Buyers should budget for thorough inspections focusing on foundational integrity, plumbing, electrical systems, and energy efficiency, which are common considerations for houses of this era.
5. Who would this property be a good fit for?
It best suits a pragmatic buyer: a first-time purchaser comfortable with a cozy footprint, an investor looking for a rental property with a lower entry cost, or a downsizer seeking minimal interior space. It is less suitable for those needing ample room or a turn-key, modern home.