Property Overview
This two-storey home at 797 Weatherdon Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a distinct profile. Built in 2020, it is a modern residence in an area predominantly characterized by older homes, some dating back to the early 20th century. Its key appeal lies in offering a move-in-ready, contemporary layout without the need for immediate renovations. The 1,592 sqft living area is notably spacious compared to most homes on the street and in the immediate area, ranking in the top 10% locally. However, the 2,500 sqft lot is more compact than area averages, suggesting a lower-maintenance yard but less private outdoor space.
This property would suit buyers seeking modern construction and efficient use of interior space in a well-established neighbourhood. It’s ideal for those who prioritize a newer home’s systems, insulation, and layout over a larger lot. The recent sale history indicates strong market interest, and its assessed value sits well above local averages, reflecting its relative newness and size.
Key Considerations & FAQs
1. What are the main advantages of this home?
The primary advantages are its modern build (2020), which typically means fewer immediate maintenance concerns and updated building standards, and its above-average living space for the area. It offers a renovated basement and a turnkey experience in a mature neighbourhood.
2. How does the lot size impact the property?
The lot is smaller than most in Ebby-Wentworth. This translates to less yard maintenance, which can be a benefit, but also means limited potential for expansions like large decks, pools, or additions. Outdoor privacy from neighbours may be less than on larger lots.
3. The assessed value seems high for the area. Why?
The assessed value ($55.30k) ranks in the top 12% locally because it reflects the home's newness and larger square footage compared to its older, often smaller neighbours. It’s assessed closer to city-wide averages, indicating it’s valued more for its structure than its land size.
4. What does the sale history tell us?
The home sold for $570k in August 2021, not long after a sale for $490k in January 2021. This rapid appreciation in a short period suggests high demand for modern homes in the area, but it’s also important to investigate current market conditions for today’s valuation.
5. Who might this property not suit?
It may not suit buyers looking for a large, traditional yard for gardening or play, or those seeking a character home with heritage features. The premium for a newer build also means you are paying less for land, which is often a key driver of long-term value in established areas.