741 Flora Avenue

Property Summary: 741 Flora Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey character home in Winnipeg's Dufferin neighbourhood, built in 1907. With 853 square feet of living space and a recently renovated basement, it offers a practical footprint for efficient living. The lot is modest at just under 2,900 square feet, and the property includes a detached garage.

Its primary appeal lies in its position as an accessible entry point into the market. The assessed value is notably lower than both area and city averages, suggesting a potentially lower price point. The renovated basement adds functional living space, which is a significant asset in a smaller home. This property would suit first-time buyers, downsizers, or investors looking for a manageable, low-maintenance property with character. It’s for someone who values location and practicality over size, and who sees potential in a home that is modest in scale but solid in its fundamentals. A thoughtful perspective is that a smaller, older home like this can offer simpler living with lower utility costs and a clearer renovation path, as major historical updates like the basement have already been addressed.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others in the area?
At 853 sqft, the living area is below average for similar homes on Flora Avenue and in the wider Dufferin neighbourhood. This indicates a cozier, more efficient layout.

2. What does the assessed value tell me about this property?
The assessed value is around average for its immediate street but is below the averages for the Dufferin area and the city as a whole. This often correlates with a more accessible asking price.

3. Is the basement finished?
Yes, the listing specifies the basement has been renovated, adding valuable finished space to the home's footprint.

4. What is the land size, and what does it allow for?
The lot is 2,877 sqft, which is smaller than typical lots in the area. This means lower maintenance but also limits potential for large additions or extensive landscaping projects.

5. How old is the home, and what should I consider?
Built in 1907, the home is older than the citywide average. While it has character, a thorough inspection is advised to understand the condition of its original components, like the foundation, plumbing, and electrical systems, even with recent basement updates.