Property Overview
This bi-level home at 797 Carter Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a specific and compelling value proposition. Built in 2014, it is a notably modern property in a city and area dominated by older homes. Its key appeal lies in this relative newness, offering a move-in-ready condition with a renovated basement and likely fewer immediate maintenance concerns than its peers. The detached garage adds practical convenience. While its living and land space are modest compared to broader city averages, they are quite typical for the immediate area. The home’s assessed value consistently ranks above average for its street, neighbourhood, and city, reflecting its modern build and desirability. This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a modern, low-maintenance home in a well-established neighbourhood without the premium lot size, preferring instead the value of a newer structure and updated finishes.
Frequently Asked Questions
How does the home’s size compare to others in the area?
At 986 sqft, the living area is slightly below the average for the Ebby-Wentworth neighbourhood but is very close to the average for Carter Avenue itself. This indicates the home offers a typical amount of space for its specific location, which generally features more compact lots and homes.
Why is the assessed value so much higher than many nearby homes?
The primary reason is the year of construction (2014). Most comparable homes in the area were built decades earlier. A newer home typically commands a higher assessment due to modern building standards, systems, and overall condition, which is reflected in its above-average ranking.
Is the lot size a significant drawback?
The 2,500 sqft lot is smaller than the city norm but is standard for this part of Ebby-Wentworth. It requires less upkeep, which can be a benefit for buyers seeking a low-maintenance yard. For those prioritizing extensive outdoor space or privacy, it may feel limited.
What can recent sale prices tell us?
The home sold in January 2023 for $490k and previously in July 2021 for $460k. Both sale prices ranked in the top 20% for the area at the time, demonstrating strong and consistent market demand for this newer property despite its modest square footage.
Who might this property not suit?
Buyers looking for a large, sprawling lot or substantial interior square footage for the price may find better options elsewhere in the city. It’s also less suited for those specifically seeking the classic character of an older Winnipeg home, as its construction is contemporary.