775 Carter Avenue

Property Overview

This one-and-a-half storey home, built in 1923, is a classic Winnipeg character home situated on a standard city lot in the Ebby-Wentworth neighbourhood. Its key appeal lies in its balance of historic charm and practical updates, notably a renovated basement. With 942 square feet of living space, it is comfortably sized for a small household and sits in the middle range for both size and assessed value within its immediate area. This is not a sprawling modern property, but a grounded, manageable home that represents a solid entry into the market. Its recent sale history suggests it is priced accessibly.

Who It's For:
This property would suit first-time buyers or downsizers looking for a home with character that doesn’t require major immediate work, thanks to the renovated basement. It’s ideal for someone who values a neighbourhood where the home is typical in scale and value—offering stability rather than standing out. The buyer should appreciate the quirks and maintenance considerations of a century-old structure but can take comfort in its established, average positioning within the local context.

Frequently Asked Questions

1. How does this home compare to others in the area?
The data shows this home is very typical for Carter Avenue and Ebby-Wentworth. Its living area, assessed value, and land size all rank near the middle of the pack for the local area, meaning it’s neither the largest nor the smallest, and neither the most nor least expensive. It’s a representative example of the neighbourhood’s housing stock.

2. What are the implications of the home's age (built 1923)?
As a 103-year-old home, it is older than most in the city and on its street. This typically means potential for classic architectural details but also necessitates a diligent inspection for aging components like plumbing, electrical, and the foundation. Its below-average ranking for year built highlights that it is one of the older homes in the vicinity.

3. The assessed value seems low. What does that mean?
The assessed value is for municipal tax purposes and is not the market price. Its assessed value is around average for the street and neighbourhood, but below the citywide average, reflecting the home’s smaller size and the neighbourhood’s market relative to the entire city. The actual sale price will be determined by the current market.

4. What is the significance of the renovated basement?
A renovated basement adds functional living space, which is a significant asset in a sub-1,000 sqft home. It could serve as a family room, home office, or additional bedroom space, improving the home’s utility without the need for a costly immediate project.

5. Is the lot size a pro or a con?
At 3,750 sqft, the lot is very standard for the area—neither particularly large nor small. It provides adequate outdoor space for a garden or patio without the high maintenance of a much larger yard. For city living, it offers a good balance of private outdoor space and manageability.