Property Overview & Key Characteristics
This one-and-a-half storey home on Lansdowne Avenue presents a practical, no-frills opportunity in Winnipeg's Inkster-Faraday neighbourhood. Built in 1945, its key appeal lies in its solid, average metrics for the immediate area, suggesting a stable and predictable investment. With 1,069 sqft of living space, a renovated basement, and a detached garage on a 4,605 sqft lot, it offers the essential components of single-family living. The home’s assessed value is notably above average for the Inkster-Faraday area, which can indicate perceived stability or recent improvements, though it sits below the city-wide average—a common profile for established neighbourhoods.
Its appeal is grounded in functionality and value within its local context. It would suit first-time buyers seeking an entry point without major surprises, practical investors looking for a manageable rental property, or downsizers who value a main-floor living setup with a finished basement for extra space. A thoughtful perspective is that while its city-wide rankings are modest, its strong standing within its own neighbourhood suggests a property that is well-aligned with local demand and community norms, often a sign of a sensible purchase.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value of $25,600 ranks in the top 11% for the Inkster-Faraday area, meaning it is valued higher than most comparable homes nearby. This could reflect factors like the renovated basement, lot size, or overall condition.
2. Is the living space smaller than average?
At 1,069 sqft, the living area is very close to the average for both the street and the wider neighbourhood. It provides a typical footprint for homes of this style and era in the area.
3. What does the "above average" year built ranking mean?
Built in 1945, this home is newer than many in Inkster-Faraday (ranking in the top 19%). This is a relative point; while 81 years old, it may have benefited from building practices or updates from a slightly later period than immediate peers.
4. What is the likely price range based on history?
The property last sold in May 2021 for an estimated $27,500-$30,500. This provides a recent benchmark, but current market conditions and any further updates will determine today’s value.
5. How does the lot size impact potential?
The 4,605 sqft lot is above average for the neighbourhood, offering more outdoor space than many nearby properties. This allows for greater privacy, gardening, or future outdoor amenities compared to tighter lots.