Property Overview & Key Characteristics
This one-and-a-half storey home on Carter Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a specific and compelling value proposition. Its key appeal lies in the combination of a generous, above-average lot size (4,570 sqft) paired with a very modest municipal assessed value. At approximately 1,047 sqft of living space, the house itself is functionally sized and typical for the immediate area, but the land parcel offers notable potential for expansion, gardening, or outdoor living relative to nearby properties.
The home, built in 1947, suits a specific type of buyer. It is an ideal candidate for a hands-on purchaser looking for a footprint in a central neighbourhood without a premium price tag. This could be a first-time buyer comfortable with a home that may require updates, an investor interested in the long-term land value, or someone seeking a manageable structure with room to grow outdoors or possibly add on later. Its value is fundamentally rooted in the land asset rather than the current structure, making it a pragmatic choice over a turn-key one.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the property's current state and recent sale price, not potential. This valuation reflects the home's age, condition, and smaller living area, making property taxes comparatively lower, which is a key ongoing cost savings.
2. What does "one-and-a-half storey" typically mean for a 1947 home?
This style often features a main floor with principal rooms and a second floor under sloping roof lines, which may have cozier ceiling heights in parts. It's a classic Winnipeg design that can be very efficient to heat but may have a unique layout compared to modern open-concept homes.
3. The lot is larger than average for the street. What are the implications?
Beyond extra yard space, a larger lot in an established neighbourhood can provide better privacy from neighbours, more flexibility for future landscaping, parking, or storage solutions, and is often a sought-after feature that holds intrinsic value.
4. How significant is the 2020 sale price in understanding today's value?
While it provides a historical benchmark, the real estate market has seen shifts since 2020. This past price is most useful for understanding the property's trajectory and should be considered alongside current market conditions, recent comparable sales, and any changes made to the home since.
5. Are the nearby "similar assessed value" properties actually comparable homes?
Not necessarily. The list groups properties with identical municipal assessed values, which is an administrative figure. These homes may be in different neighbourhoods, be of different sizes, or have different features. For a true comparison of liveability and market price, focus on the "Worth viewing" and "For reference" listings or recent sales in Ebby-Wentworth itself.