Property Overview
This 1947 one-storey home on Ebby Avenue in Grant Park presents a compact and efficient living space. At 700 sqft, the house itself is notably smaller than most in the area, city, and even on its own street, positioning it well for those seeking a low-maintenance footprint. A key feature is its renovated basement, adding functional space, and it sits on a standard city lot with a detached garage. The home’s assessed value is strong relative to its immediate neighbours, suggesting it may offer good value within the local context of the street.
Its appeal lies in its practicality and location. It suits first-time buyers, downsizers, or investors looking for an entry point into the established Grant Park neighbourhood without the upkeep of a larger property. The renovated basement adds flexibility, potentially serving as a rental suite, family room, or dedicated workspace. A thoughtful perspective is that a smaller, well-placed home like this can offer a sense of community connection—being closer to the street and neighbours—compared to larger, more secluded properties.
Frequently Asked Questions
1. How does the smaller living area impact value?
While the home is compact, its assessed value ranks above average for Ebby Avenue. This indicates that factors like the renovated basement, the lot, and the location in Grant Park are significant contributors to its valuation, potentially offsetting the smaller square footage.
2. Is the detached garage a standard feature here?
Yes, the presence of a detached garage is common for homes of this era in Winnipeg. It provides secure parking and storage, though some buyers may consider the walk to and from the house in winter weather.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. It’s essential to inquire about the finish quality, ceiling height, necessary permits, and whether it includes a separate entrance or kitchenette, which would influence its utility and value.
4. How does the 1947 build year affect maintenance?
Built in the post-war period, the home is of average age for its street. Prospective buyers should budget for potential updates to original components like plumbing, electrical, or windows, while also appreciating the character and solid construction typical of the era.
5. Why is the assessed value higher than some recent sale prices?
The assessed value (31.90k) is for municipal tax purposes and reflects a provincial valuation formula. The sold price history shows a range from 23.50k to 26.50k, which is the actual market value determined by buyers and sellers. The difference is normal, and market price is the relevant figure for purchase offers.