541 Polson Avenue

Property Overview: 541 Polson Avenue

Section 1: Key Characteristics & Appeal

This one-storey home on Polson Avenue is a compact, no-frills property built in 1925. Its key characteristic is its modest 668 sqft living area, which is notably smaller than most homes in Winnipeg. The lot is a standard city size at just under 4,000 sqft. A recently renovated basement and a detached garage are practical features. The home’s assessed value is significantly below the city average, reflecting its scale and location in the Inkster-Faraday neighbourhood.

The appeal lies in its straightforward affordability and low maintenance footprint. It suits a specific buyer: a first-time purchaser or an investor seeking an entry point into the market with minimal overhead. It could also be a fit for someone looking to downsize dramatically without leaving the city. A less obvious perspective is its potential as a "blank slate"—its small size and basic layout could be seen as a manageable project for a DIY enthusiast to personalize without the pressure of a major renovation. Its average assessment for the street suggests it’s in line with the immediate area, offering stability rather than standing out.

Section 2: Frequently Asked Questions

1. Is this a tiny home?
While not officially categorized as such, its living area (668 sqft) is less than half the city average, placing it in a similar size range. It offers a minimalist lifestyle within a traditional neighbourhood setting.

2. Why is the assessed value so much lower than the city average?
The assessed value of approximately $20k is based on municipal evaluation formulas that heavily factor in the home's very small square footage and its location. It is actually around average for homes on Polson Avenue itself.

3. What does the "renovated basement" include?
The listing confirms the basement has been renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent to understand if it’s finished living space, a utility area, or a combination.

4. How do the past sold prices influence the current value?
The home sold twice in 2016 at prices ranging from roughly $9.5k to $21.5k. These historical figures, while informative, reflect a different market and should be considered alongside current assessments, condition, and recent comparable sales for today’s value.

5. Who is responsible for requesting the exact sold price history, and why isn't it public?
The listing service offers to provide exact sold prices manually via email upon request. This is often due to the way local sales data is licensed and distributed; they are providing a verified service while complying with data agreements.