Property Overview & Key Characteristics
This one-storey home at 651 Ebby Avenue is a compact, no-frills property built in 1921, offering 856 square feet of living space on a 2,574 sqft lot. Its appeal lies primarily in its position as an accessible entry point into the Winnipeg market. With a very low assessed value and a modest prior sale price, it represents one of the most budget-conscious options in the Ebby-Wentworth area. The home has a basement, but it is not renovated, and there is no garage or pool.
This property would suit a specific type of buyer: first-time purchasers or investors seeking a low-cost footprint in the city. It’s a practical choice for those comfortable with a home that requires updates and who prioritize affordability and location over size or modern finishes. A thoughtful perspective is that while its metrics (size, age, value) rank below average city-wide, they are more typical for its immediate street and neighbourhood, suggesting it fits the local context of older, modest homes. Its small lot size could be seen as a drawback, but also translates to lower maintenance—a potential plus for a downsizer or busy first-timer.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property’s specific characteristics—its smaller size, older age, and lack of renovations—compared to the broader Winnipeg market, which includes many newer and larger homes.
2. What does "basement, not renovated" typically mean?
This usually indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and consider it usable space that may require work to finish to contemporary standards.
3. Is the low sale price from 2016 relevant today?
While it shows a history of being a lower-priced property, it is not a direct indicator of current market value. It does, however, highlight the home’s consistent positioning as an affordable option.
4. Who would this home not be suitable for?
It would likely not suit buyers looking for a move-in ready, modern property, those needing multiple bedrooms or ample living space, or anyone requiring a garage or extensive outdoor area.
5. How does it rank within its own neighbourhood?
The data shows that for living area and land size, it ranks around or slightly below the average for Ebby-Wentworth. This indicates it’s a fairly representative, if compact, example of the homes in this specific area.