Property Overview: 818 Weatherdon Avenue
Key Characteristics & Appeal
This is a compact, one-storey home built in 1947 on a notably generous 4,000 sqft lot in Winnipeg's Ebby-Wentworth neighbourhood. With 735 sqft of living space, it is smaller than most comparable homes in the area, positioning it as a more manageable and potentially affordable entry point. Its assessed value is modest and sits around the average for its immediate street and neighbourhood, suggesting a stable, no-frills valuation.
The primary appeal lies in its land-to-building ratio. The lot size ranks well above average for both the street and the area, offering valuable outdoor space and future potential that is uncommon for homes of this size and vintage. This combination of a smaller, simpler house on a larger lot suits specific buyers: first-time homeowners seeking a lower-maintenance footprint without sacrificing yard space, investors looking for a rental property with land value, or those interested in a long-term property where the land itself is a key asset. It’s a practical choice for someone prioritizing location and lot size over square footage, with an understanding that the home itself is a classic, smaller post-war build.
Frequently Asked Questions
1. Is this a "teardown" or redevelopment property?
While the generous lot is a standout feature, the home appears to be in livable condition given its recent sale history. It may appeal to those considering future expansion or redevelopment, but it is not presented as a lot-only listing.
2. How does the smaller living area impact daily life?
At 735 sqft, the floor plan will be compact. This suits minimalist living, singles, or couples comfortably, but may feel tight for a family or anyone requiring a home office or significant storage space. The large lot can functionally extend living space outdoors in warmer months.
3. The assessed value seems low. Does that mean property taxes are low?
Generally, yes. A lower assessed value typically correlates with lower municipal property taxes, which is a practical, ongoing cost savings for the owner.
4. What does the sale history tell us?
The home sold twice in 2023. This could indicate a quick investor flip, an estate sale followed by a resale, or simply a dynamic market. It warrants asking about the reasons for the sales and any work done in that period.
5. How does it compare to the neighbours?
The home is older and smaller than some on the street, but its lot is larger. Nearby properties show a mix of well-maintained older homes and new builds, indicating a neighbourhood that is seeing gradual renewal and where land value is recognized.