Property Overview: 792 Weatherdon Avenue
Section 1: Key Characteristics & Appeal
This is a classic, one-storey home built in 1947 on a solid 4,000 sqft lot in the Ebby-Wentworth neighbourhood. Its key appeal lies in its balance of a desirable, established location and a manageable scale. The lot size is a standout feature, ranking in the top 30% on its street, offering more outdoor space than many nearby properties—a valuable asset for gardening, play, or future expansion.
The home itself is modest at 700 sqft, placing it among the smaller homes in the area. This makes it particularly suited to first-time buyers, downsizers, or investors seeking a lower-maintenance property with strong land value. Its recent sale history shows significant appreciation, having sold for $340k in late 2023, which suggests it’s in move-in ready condition and reflects the area’s desirability. The assessed value, notably lower than recent sale prices, is a common scenario in active markets and is not an accurate indicator of current market value.
A thoughtful perspective: While small in size, the generous lot provides a rare opportunity in an established neighbourhood. For the right buyer, this represents a chance to secure a location with the potential to tailor the property over time, whether through an addition, a garden suite, or simply enjoying larger-than-average green space.
Section 2: Frequently Asked Questions
1. Is the house too small at 700 sqft?
It is compact, which means efficient living is a must. It would suit individuals, couples, or small families comfortable with a cozy layout. The generous lot size helps offset the smaller living area by providing ample outdoor space.
2. Why is the assessed value so much lower than the last sale price?
Municipal assessed value is for tax purposes and often lags behind the current market, especially in neighbourhoods with rising demand and recent sales like this one. The sale price of $340k in 2023 is the true indicator of its market value.
3. What does the sale history tell us?
The price increased from $210k in 2021 to $340k in 2023. This indicates strong market momentum in the area and likely reflects updates or improvements made to the property during that time.
4. How does the neighbourhood rank?
The property ranks in the top 30% of Ebby-Wentworth for lot size and in the top 40% for assessed value, indicating it’s a solid, above-average property within its immediate community. It sits in a stable, established area of Winnipeg.
5. What are the potential downsides?
As a 79-year-old home, even if updated, buyers should budget for ongoing maintenance typical of vintage properties. The one-storey design and smaller square footage may not suit those needing multiple bedrooms or dedicated home office spaces without considering a future renovation.