Property Overview: 867 Ebby Avenue, Grant Park, Winnipeg
Key Characteristics & Appeal
This 750 sqft, one-storey home on a 4,202 sqft lot presents a distinct value proposition in the established Grant Park neighbourhood. Its key appeal lies in a balance of a renovated basement, a detached garage, and a notably low property tax base relative to its immediate area. While the living space is compact compared to area averages, the assessed value of $320k is above average for Ebby Avenue itself, suggesting the lot, location, and improvements are well-regarded. Built in 1950, it is one of the older homes on the street, which may appeal to those seeking classic character.
This property would suit first-time buyers, downsizers, or investors looking for a lower-maintenance footprint in a central neighbourhood without a high tax burden. Its value is more in the land and location than in expansive square footage, making it ideal for efficient living rather than large families. A thoughtful perspective: the below-average living area but above-average assessment for the street indicates that potential lies in the existing structure and lot, not in raw interior size. It’s a home for someone who values location and financial efficiency over sheer space.
Frequently Asked Questions
1. Why is the assessed value relatively high for a smaller home?
The assessment reflects more than just living area. It accounts for the renovated basement, the desirable lot size in Grant Park, the detached garage, and the property's value within its specific location on Ebby Avenue, where it ranks in the top 27% by assessed value.
2. What does the sold price history indicate?
Public data shows a sale in March 2021 in the $275k-$305k range. The current $320k assessment suggests a significant increase in taxable value since that last sale, which is an important factor for calculating annual property taxes.
3. Who would this home not be suitable for?
It may not suit buyers who require multiple bedrooms, extensive living space, or a modern open-concept layout, as the main floor is modest in size. Those prioritizing a large yard or a brand-new build may also want to look elsewhere.
4. How do the property taxes likely compare?
While the assessed value is $320k, the key figure is the mill rate. Because this assessment is above average for its own street but around average for the wider Grant Park area, property taxes should be reasonable for the neighbourhood, but it's wise to get an exact estimate.
5. What is the significance of the "renovated basement"?
A renovated basement adds functional living space (such as a family room, office, or additional bedroom) to the 750 sqft main floor. This is a crucial feature that enhances livability and value, making the home feel larger than its above-ground square footage suggests.