Property Overview
This two-storey home at 721 Carter Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a compelling blend of established character and above-average metrics. Built in 1947, it features a renovated basement and a detached garage. The key appeal lies in its significant living space and strong assessed value relative to its immediate surroundings. With 1,944 sqft of living area, it ranks in the top 9% on its street and top 4% in the neighbourhood, offering substantially more room than local averages. Its assessed value of $62.10k places it in the elite top 2% on Carter Avenue and top 1% in Ebby-Wentworth, suggesting a property that stands out for its perceived worth in a well-regarded area. The lot is a standard city size for the locale.
This home would suit buyers looking for a spacious, established character home in a mature neighbourhood, who value a property that already has a renovated basement. It’s ideal for someone who appreciates a home that outperforms its local peers in terms of both size and official valuation, potentially offering a sense of solidity and investment within the community fabric.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in July 2019 for $48.50k. The current assessed value of $62.10k is notably higher, indicating a significant increase in its municipal valuation over that period.
2. Is the living space typical for the area?
No, it is well above typical. At 1,944 sqft, it offers roughly 80% more living space than the average home on Carter Avenue and nearly double the average for the Ebby-Wentworth neighbourhood.
3. What does the "elite" ranking for assessed value mean?
It means this home's municipal assessment is among the very highest (top 1-2%) when compared directly to its 298 neighbourhood peers and 129 street peers. This often reflects a combination of lot location, building size, condition, and improvements relative to others.
4. The home was built in 1947. What should I consider?
While the building age is around average for the street and neighbourhood, it is older than the Winnipeg city average. Prospective buyers should ensure inspections pay close attention to the condition of core systems (plumbing, electrical, foundation) common to homes of this era, though the renovated basement is a positive note.
5. How does the lot size compare?
The 4,000 sqft lot is fairly standard for this established city neighbourhood, ranking slightly above average for Ebby-Wentworth. It is, however, smaller than the much larger average lot size city-wide, which includes newer suburban areas.