Property Overview: 708 Carter Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in the Ebby-Wentworth neighbourhood, built in 1960. With 760 square feet of living space and a 2,500 sqft lot, it is notably smaller than most homes both locally and citywide. Its assessed value is modest and sits around the average for its immediate street and area. The basement is noted as unrenovated, and the property does not include a garage or pool.
The primary appeal lies in its affordability and efficiency. It represents a lower barrier to entry into the Winnipeg housing market, suitable for a first-time buyer, an investor, or someone seeking a minimalist footprint. A less obvious perspective is its relative modernity; being built in 1960, it is newer than many neighbouring homes, which may imply fewer concerns with antiquated building materials or systems common in older constructions. It suits a practical buyer who prioritizes location and function over space, and who views an unrenovated basement as a blank canvas rather than a drawback.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 760 sqft, the living area is below the average for the Carter Avenue street, the Ebby-Wentworth area, and Winnipeg overall. It is a compact, efficient layout.
2. Is the assessed value typical for the area?
Yes. The home’s assessed value is around the middle range for both Carter Avenue and the broader Ebby-Wentworth neighbourhood, making it financially representative of the local market.
3. What should I know about the lot?
The land area of 2,500 sqft is smaller than most lots in the vicinity. This means lower maintenance but also limited space for expansions, large gardens, or additions.
4. The home was sold recently. What does that indicate?
It sold in September 2023 for $27,500. This recent transaction provides a clear, current benchmark for its market value, which is closely aligned with its assessed value.
5. What are the implications of the "unrenovated" basement?
This indicates the basement space is functional but in original or basic condition. It presents both a cost-saving opportunity (lower purchase price) and potential for future customization, but any significant finishing would be an additional investment.