Property Overview: 851 Carter Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1909, offering a unique proposition in the Ebby-Wentworth neighbourhood. Its key characteristics are defined by its modest scale and vintage. With 724 sqft of living space, it is notably smaller than most homes on its street, in the area, and across Winnipeg. It features a detached garage and an unrenovated basement. The lot size of 3,080 sqft is fairly typical for the local area. The home’s assessed value is significantly below average at $22,200, reflecting its size, age, and condition.
The primary appeal lies in its position as an entry-point property or a strategic investment. It suits a very specific buyer: those seeking the lowest possible price point to enter the market, handy purchasers or investors comfortable with a home that requires updates, or buyers who prioritize land value and location over the existing structure. A less obvious perspective is that its age and small footprint could appeal to someone interested in a minimalist lifestyle or a tailored renovation project, as the compact size makes a full-scale modernization more financially approachable than with a larger house. It is not suited for those needing move-in-ready condition or ample space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price in 2017?
The 2017 sale price of $180k reflects the market value at that time. The current assessed value is a municipal valuation for tax purposes, which often lags behind market shifts and can be significantly lower for older, smaller homes that haven't been recently renovated.
2. What does "below average" for Year Built mean?
This indicates the home is older than the vast majority of comparable properties. Built in 1909, it is among the oldest 5% of homes in its immediate area, suggesting potential for heritage character but also likely requiring attention to aging components like wiring, plumbing, or insulation.
3. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated," which typically means it is unfinished. It likely has raw space suitable for storage or mechanical systems but would require significant work to create livable space.
4. How does the small living area compare to nearby "Worth viewing" properties?
The listed comparable properties on Weatherdon Avenue, while in the same neighbourhood, have more living space (700-901 sqft) and vary widely in assessed value. This highlights that 851 Carter Avenue is at the very compact end of the spectrum, and its value is heavily influenced by its specific condition and footprint.
5. Who might this property be a good fit for?
It is best suited for an investor looking for a rental property at a low entry cost, a contractor or very hands-on buyer planning a renovation, or a first-time buyer whose primary goal is securing a land title in the area, with the intention of improving or eventually replacing the existing structure over time.