Property Overview: 813 Weatherdon Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Ebby-Wentworth neighbourhood, built in 1947. Its primary appeal lies in its efficiency and lot size. With 700 sqft of living space, the house is notably smaller than area averages, positioning it as a low-maintenance, budget-conscious option. However, it sits on a 4,000 sqft lot, which is larger than most on its street and in the immediate area. This presents a key opportunity: the land itself is a significant asset, offering ample outdoor space for gardening, recreation, or future expansion relative to the home's footprint.
The home last sold in 2023 and has a very low municipal assessed value, suggesting it may be a candidate for modernization or held as a land-value investment. It would suit first-time buyers seeking an affordable entry into the market, practical downsizers looking to minimize indoor upkeep while enjoying a generous yard, or investors interested in the long-term value of the land. Its charm is not in its current size or assessed value, but in its potential and the practical balance of a manageable house on a more substantial piece of land.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Municipal assessments for tax purposes often lag behind market sale prices and are calculated using a specific formula. The 2023 sale price is a clearer reflection of current market value.
2. What does the "below average" living area ranking mean for daily life?
It confirms the home is compact. Efficient use of space is essential, and storage may be limited. This is a trade-off for lower utility costs and less cleaning, but necessitates a minimalist or very organized lifestyle.
3. Is the large lot a burden or an benefit?
It depends on your goals. It means higher property taxes than a similar-sized lot and requires maintenance (mowing, landscaping). However, it provides rare privacy and space for activities in this area, and is the property's most notable asset for future enjoyment or value.
4. Given the age, what should I be most concerned about during an inspection?
While systems like roofing and plumbing may have been updated, a 1947 home will require a thorough check of its foundational structure, electrical wiring (to ensure it's modernized), and insulation levels, which may not meet current standards.
5. How does this home fit within the Ebby-Wentworth neighbourhood?
It is typical in age but smaller than many neighbouring homes. This can be an advantage, offering a more affordable point of entry into an established neighbourhood. The recent sale activity on the street suggests it's an active, in-demand area.