698 Ebby Avenue

Property Overview: 698 Ebby Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1947, presents a solid opportunity in Winnipeg's Ebby-Wentworth neighbourhood. Its primary appeal lies in offering above-average space and value within its immediate area. With 1,147 sqft of living space and a 4,381 sqft lot, the property ranks in the top 20% locally for both size and land area, meaning you get more room than most neighbouring homes. A key feature is the renovated basement, adding functional living space.

The home’s assessed value is notably above average for the street and neighbourhood, which often reflects recent improvements or desirable attributes. However, it remains around average city-wide, suggesting it’s a competitively priced option for the features offered. The property would suit first-time buyers or practical investors looking for a character home with updated fundamentals (like the basement) in an established area. It’s also a fit for those who value a larger private yard compared to nearby lots, without the maintenance of a pool or the expense of a built-in garage.

A less obvious perspective is that its "above average" local rankings in key metrics suggest it may hold its value well within the micro-market of Ebby Avenue, even if it’s not a standout city-wide. The sales history shows steady price appreciation, indicating a stable investment in the context of its community.

Frequently Asked Questions

1. How does the property's size compare to nearby homes?
It is larger than most in the immediate area. The living area is in the top 14% on Ebby Avenue and the top 24% in Ebby-Wentworth, offering more interior space than many comparable local homes.

2. What does the above-average assessed value indicate?
An assessed value in the top 11% on the street and top 22% in the neighbourhood typically signals that the property has features or improvements that the municipal assessment holds in higher regard than surrounding properties. This can be due to the renovated basement, lot size, or overall condition.

3. Is the home older than others in Winnipeg?
Yes. Built in 1947, it is older than about 76% of homes across Winnipeg. However, it is around the average age for both Ebby Avenue and the broader Ebby-Wentworth neighbourhood, meaning it fits the character of the area.

4. What is the parking situation?
The listing specifies there is no garage. Buyers should plan for street parking or the potential to add a driveway or parking pad, subject to local bylaws.

5. Has the property value increased over time?
Based on the provided sales data, the home sold for $27,500 in January 2018 and then for $34,400 in May 2023. This indicates a trend of appreciation over that five-year period.