Property Overview: 783 Carter Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Carter Avenue in the Ebby-Wentworth neighbourhood is a classic, no-frills property built in 1923. Its key characteristics include 715 sqft of living space, a 2,500 sqft lot, and an unrenovated basement. There is no garage or pool. The home’s assessed value is $210,000.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. It is priced below the city-wide average for assessed value and sits on a manageable lot. This is not a move-in-ready showcase home; instead, its value is in the solid foundation it provides. It suits first-time buyers or practical investors looking for a straightforward property with lower upfront costs. The compact size and single level could also appeal to those looking to downsize or seeking minimal upkeep. A thoughtful perspective for the right buyer is viewing the unrenovated basement not just as a project, but as a blank slate to be finished to their own needs and taste without paying a premium for someone else’s work. The home’s age and below-average metrics in size and value for the area signal a property focused on function and potential over present-day luxury.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The home’s $210,000 assessed value is below the average for both the immediate street and the broader Ebby-Wentworth neighbourhood, placing it in a more affordable tier.
2. What should I know about the home’s size and lot?
At 715 sqft, the living space is compact and below the local average. The 2,500 sqft lot is also smaller than typical lots in the area, which means lower maintenance but less private outdoor space.
3. What does “basement, not renovated” imply?
This indicates the basement is unfinished or in its original state. Buyers should budget for potential updates and anticipate a professional inspection to assess its condition and any moisture concerns common in older homes.
4. Who would this property be best suited for?
It is best suited for first-time buyers prioritizing location and affordability over size, or for investors seeking a rental property with a lower initial investment. Its single-level layout may also interest those looking for minimal stairs.
5. What are the long-term considerations with a home from 1923?
While offering charm, a home of this age will likely have older major systems (like plumbing and electrical) and will require a diligent inspection. The upside is the potential for equity growth through thoughtful updates over time.