Property Overview & Key Characteristics
This 1947-built, one-storey home on a 4,000 sqft lot in Ebby-Wentworth presents a straightforward, value-oriented opportunity. Its key appeal lies in its efficient 700 sqft layout and a lot size that ranks in the top quarter for the street, offering good outdoor space relative to the home's footprint. With an assessed value of $230k, it sits in a competitive price tier for Winnipeg, ranking higher in value than most city homes. The neighbourhood rankings suggest a well-established, mid-tier area within the city.
The property would suit first-time buyers seeking an entry point into homeownership, downsizers looking for a manageable single-level living space, or investors interested in a character home with renovating potential. Its smaller living area is a trade-off for the larger lot, appealing to those who prioritize outdoor space or future expansion over immediate square footage. A thoughtful perspective is that while the home itself is modest, its above-average lot size and solid value ranking offer a foundation that many newer infill properties lack.
Frequently Asked Questions
1. Is the smaller living area a significant drawback?
It depends on your needs. At 700 sqft, the home is compact, ranking in the lower third for size locally. It requires efficient use of space but can mean lower utility costs and less maintenance, suiting minimalist living or serving as a starter home.
2. How does the 1947 build year affect the home?
Built 79 years ago, the home is older than most in Winnipeg. This typically means character and established neighborhoods but also necessitates a diligent inspection for the condition of major systems like plumbing, electrical, and the foundation.
3. What does the "top 26% in Winnipeg" ranking for living area actually mean?
This statistic indicates that only 26% of Winnipeg homes are smaller than this one. It clearly highlights the compact nature of the interior, which is an important consideration for buyers with growing families or who work from home.
4. The assessed value is $230k, but what will it likely sell for?
Assessed value is for municipal tax purposes and is not a market price. Sale price is determined by current demand, condition, and comparable sales. The provided comparisons on nearby Weatherdon Avenue (ranging from ~$266k to over $383k) suggest a wide variance based on size, condition, and updates.
5. What are the pros and cons of the lot size?
The 4,000 sqft lot is a key asset, ranking in the top quarter for the street. It provides good outdoor space for gardening, recreation, or potential additions like a garage or deck. The trade-off is that a larger lot in an older area may come with more landscaping upkeep.