Property Overview
743 Dufferin Avenue is a one-and-three-quarter storey home built in 1910, offering a classic Winnipeg character in the Dufferin neighbourhood. With 992 square feet of living space and a 3,678 square foot lot, its size is fairly typical for the immediate area. The home features a detached garage and an unrenovated basement. Its most defining characteristic is its assessed value, which is significantly below averages for the street, neighbourhood, and city, suggesting it may present a lower-than-average entry point into the market. This is a property where value is found more in its land and location than in its current condition or size.
Key Characteristics & Appeal
This home’s primary appeal lies in its potential and position as an affordable entry into homeownership. It suits first-time buyers, investors, or renovators with the vision and budget to update a classic property. The lot size is workable for the area, and the detached garage adds practical value. While the living space is modest and the basement is unfinished, the below-average assessment compared to nearby homes indicates room for equity growth through improvements. A thoughtful perspective is that this property represents a "blank canvas" in an established neighbourhood—its value isn't in what it currently offers, but in what a new owner could make of it. It’s best suited for those who see beyond the need for updates and are prepared for a project.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes inward, reducing the ceiling height or square footage in parts of the upper level. It offers more space than a bungalow but often with unique, character-filled rooms.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's current state, age, and specific market area. A value this far below the citywide average strongly indicates the home requires significant updates or modernization compared to the typical Winnipeg house.
3. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated," which typically means it is unfinished (concrete floors and walls, exposed utilities). It provides storage and mechanical space but would require investment to become livable space.
4. How does the sale history affect this property?
The home last sold in February 2025 for $8.70k. This very recent sale at a price close to its assessed value confirms its standing as a lower-tier property in the market and suggests it may have been part of an estate or investment transaction.
5. What should I consider about the neighbourhood?
Dufferin is a mature, central neighbourhood. Prospective buyers should personally visit at different times to gauge traffic, noise, and the general upkeep of neighbouring properties, as these factors can vary significantly from block to block in long-established areas.