723 Ebby Avenue

Property Overview

This one-and-a-half storey home on Ebby Avenue presents a straightforward, no-frills opportunity in Winnipeg's Ebby-Wentworth area. Built in 1941, its 810 sqft of living space and modest 2,570 sqft lot place it below city-wide averages, but are quite typical for its immediate neighborhood. The home features a basement (not renovated) and a detached garage. Its appeal lies in its relative affordability and positional stability—it sits squarely in the middle of the pack for both size and assessed value when compared directly to its neighbors. This isn't a standout luxury property, but a grounded entry point.

It would suit a first-time buyer, an investor looking for a rental property, or someone seeking a modest, manageable home without the premium of a larger lot or updated finishes. A thoughtful perspective is that its "average" standing on the street suggests lower volatility and predictable costs, which can be an advantage over a more extreme property that might be over-improved or severely under-sized for the area.

Frequently Asked Questions

1. Is the home smaller than most in Winnipeg?
Yes. With 810 sqft of living area, it ranks in the top 90% city-wide, meaning about 90% of comparable homes in Winnipeg are larger. However, it is much more typical for the Ebby-Wentworth neighborhood and Ebby Avenue itself.

2. What does the assessed value indicate?
The assessed value of $26,400 is around the average for the street and neighborhood. It's significantly below the city-wide average for comparable homes, which primarily reflects the home's smaller size and the neighborhood's market position rather than an anomaly.

3. How does the lot size compare?
The 2,570 sqft lot is compact, ranking below average even on its own street. This means smaller outdoor maintenance but limited space for expansions, large decks, or extensive landscaping.

4. The home sold for $260k in 2020. How does that price compare?
That sale price ranked near the middle (53rd percentile) for sales on Ebby Avenue at the time, and slightly above the middle for the wider area. This indicates the price was consistent with the home's standing in the local market.

5. What are the implications of the "not renovated" basement?
This simply means the basement is in a functional, likely original or utilitarian state. It offers potential for future finishing or storage but does not add premium living space in its current condition. Buyers should budget for any desired improvements and consider it a blank canvas.