Property Overview
This one-and-three-quarter storey home, built in 1911, is a practical entry-point into Winnipeg’s Dufferin Industrial area. With 1,116 square feet of living space on a 3,682 sqft lot, its key metrics are consistently average or above-average for its immediate neighbourhood and street. The home has an unfinished basement and no garage. Its standout characteristic is its assessed value, which is significantly below the Winnipeg city-wide average, indicating a very low property tax burden. The appeal here is rooted in fundamentals: it’s a modest, no-frills property that prioritizes affordability and location over modern finishes. It would suit a first-time buyer comfortable with a project, an investor looking for a straightforward rental, or someone seeking minimal property tax overhead.
Key Considerations & FAQs
1. What is the true appeal of this home?
Beyond the low purchase price, the persistently low assessed value (approximately $10k) translates to annual property taxes that are a fraction of those for a typical Winnipeg home. This creates long-term affordability that isn't always apparent from the listing price alone.
2. What should I know about the "Dufferin Industrial" area?
As the name suggests, this is a mixed-use neighbourhood. Buyers should be comfortable with potential commercial or light industrial activity nearby. The trade-off is often more affordable property within the city.
3. The home is over 110 years old. What does that mean?
While the structure has proven its durability, a home of this age requires a diligent inspection. Focus should be on the foundation, roof, wiring, and plumbing. The unrenovated basement is a clear opportunity to assess the home’s core systems.
4. There's no garage. Is there parking?
The property listing does not mention a garage or dedicated parking. This is a typical scenario in older neighbourhoods. Buyers should verify on-street parking permits or the potential to create a parking pad on the lot.
5. How useful are the provided property rankings?
They are most meaningful when comparing the home to its immediate peers on Dufferin Avenue and in the Dufferin Industrial area, where it ranks well for size and age. The city-wide comparisons (where it ranks low for value and land size) are less relevant, as they include newer suburban developments on larger lots—a fundamentally different property type.