566 Lansdowne Avenue

Property Overview: 566 Lansdowne Avenue

Key Characteristics & Appeal

This one-storey home on Lansdowne Avenue is a practical and compact property built in 1945. With 832 sqft of living space and a renovated basement, it offers efficient, single-level living. The lot is a notable feature at 4,605 sqft, providing ample outdoor space that is well above average for the immediate Inkster-Faraday neighbourhood. A detached garage adds functional storage or workshop potential.

The appeal lies in its straightforward, manageable scale and its position as a relatively affordable entry point into the Winnipeg market. It suits first-time homebuyers or downsizers looking for a low-maintenance footprint without sacrificing yard space. Investors may also see value in its renovated basement for rental potential. A thoughtful perspective is that while the home's living area is modest, its larger-than-average lot for the area offers valuable flexibility—room for gardens, expansion, or simply more privacy than nearby properties—which is a less obvious asset in an older neighbourhood.

Frequently Asked Questions

1. How does the property's value compare to the area?
The home’s assessed value is around the average for Lansdowne Avenue itself but sits above average for the broader Inkster-Faraday neighbourhood, suggesting it is viewed favorably within its local context.

2. What is the significance of the "renovated basement"?
While specific finishes aren't detailed, a renovated basement typically adds functional living or utility space. It’s important to clarify the nature of the renovation, whether it’s a legal suite, a recreational room, or updated storage and mechanicals.

3. Is the lot size a major advantage?
Yes. The land area is in the top 18% for Inkster-Faraday, meaning the property has a significantly larger yard than most comparable homes in the neighbourhood, which is a key differentiator.

4. What can the sold price history tell me?
Public data shows a sale in late 2017 in the $19.5k-$22.5k range. For the most accurate historical pricing and to understand current market value, requesting the exact sold price history directly from the listing source is recommended.

5. Who are the most likely buyers for this home?
This property is most suited to practical buyers prioritizing lot size over interior square footage. It would fit a first-time buyer comfortable with a cozy home, a downsizer seeking minimal stairs and yard space, or an investor interested in the basement's income potential.