Property Overview: 758 Carter Avenue
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Ebby-Wentworth neighbourhood, built in 1960. Its key characteristic is its modest scale, with a living area of 684 sqft that is notably smaller than most comparable homes locally and citywide. The property sits on a 2,500 sqft lot, which is also below the area average, suggesting a low-maintenance yard. A significant feature is the renovated basement, adding functional space. It includes a detached garage.
The appeal lies in its efficiency and affordability within a mature neighbourhood. The home presents a straightforward, manageable footprint ideal for downsizers, first-time buyers, or investors seeking a lower-maintenance property. Its assessed value is around average for its immediate street and area, indicating it is priced consistently within its specific market context. Interestingly, while the home itself is smaller, it is newer than many of its neighbours, potentially implying fewer concerns related to the age of core components compared to other houses on the block.
This property would best suit a practical buyer whose priorities are simplicity and cost-effectiveness over space. It’s a candidate for someone looking to enter the market with minimal upkeep or for an investor considering a rental property with a relatively modest tax assessment.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes with the city if considering rental income.
2. How does the low square footage affect value and livability?
While the living area is below average, this is reflected in the home’s assessed value being average for the area. It offers functional living in a smaller, efficient layout, which can mean lower utility costs and less upkeep.
3. What does the "below average" land area mean for outdoor space?
The 2,500 sqft lot is smaller than typical for the area. This translates to a more manageable yard with less landscaping work, but also limited space for expansions, large decks, or extensive gardening.
4. The home sold in 2020 for $26.5k; why is the assessed value now $29.3k?
The 2020 sale price and current assessed value are not directly comparable in a traditional sense. The very low sale price likely indicates it was not an arms-length market sale (e.g., a transfer between family members). The assessed value is the city's estimate for taxation purposes.
5. How does the age (1960) compare to nearby homes?
Built in 1960, this home is actually newer than many in Ebby-Wentworth. This "above average" ranking for year built suggests major systems like plumbing or electrical might be from a more modern era than those in neighbouring homes built in the 1940s or 1950s.