Property Overview: 1004 Weatherdon Avenue, Grant Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1943, situated on a notably generous lot in the established Grant Park neighbourhood. Its primary appeal lies in a combination of location and land. At just 720 sqft, the living space is modest and well below area averages, presenting a classic "value-in-the-land" scenario. The home features a renovated basement and a detached garage.
The property is ideally suited for specific buyers: first-time purchasers or downsizers seeking an entry point into a desirable neighbourhood without a premium price for square footage. It also holds potential for investors or renovators who see value in the large, nearly 5,000 sqft lot, which offers ample outdoor space and future expansion possibilities rare for the area. Its assessed value is consistently around the median for its locale, suggesting a stable, unassuming investment rather than a standout bargain or luxury item.
Section 2: Frequently Asked Questions
1. Is the house too small for practical living?
At 720 sqft, it is compact. It would suit a single person, a couple, or someone comfortable with efficient living. The renovated basement provides crucial additional flexible space.
2. What is the real draw if the house itself is modest?
The significant lot size is the key asset. For its street and immediate area, the land parcel is well above average, offering privacy, yard space, and long-term redevelopment potential that smaller lots do not.
3. How does the age of the home (1943) affect it?
While the basement has been renovated, a home of this age will likely require ongoing maintenance and updates to major systems (like plumbing, electrical, or the roof). A thorough inspection is essential.
4. The last recorded sale was in 2016. What does that mean?
The lengthy ownership period suggests a stable history but may also indicate deferred maintenance or outdated finishes. It’s a positive sign for neighbourhood stability but a cue to investigate the home’s current condition closely.
5. Who are the most likely competing buyers?
You’ll likely be competing with other first-time buyers attracted to the neighbourhood, as well as builders or investors who specifically value the large lot for its future potential, either for a significant renovation or a new build.