Property Overview
This two-storey home at 577 Machray Avenue in Winnipeg's Inkster-Faraday neighbourhood presents a classic character property with practical space. Built in 1911, it offers 1,496 sqft of living area, which is notably above average for both the immediate street and the broader neighbourhood. It sits on a 4,040 sqft lot and features a detached garage and a basement that is present but not renovated.
The appeal here lies in its generous interior space for the area and its solid, established location. While the assessed value is modest compared to the city-wide average, it ranks well within its own community, suggesting a home that offers good value within a specific market context. It suits a buyer looking for a character home with room to grow, who is comfortable with the maintenance and potential updates that come with a century-old property. It’s a practical choice for those prioritizing square footage and lot size over modern finishes, potentially appealing to families, investors, or DIY enthusiasts who see value beyond a recently renovated surface.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living area is a key strength. At 1,496 sqft, it is larger than most homes on Machray Avenue and ranks in the top 6% for size within the entire Inkster-Faraday neighbourhood.
2. What should I know about the home’s age?
Built in 1911, the home is significantly older than the average Winnipeg house. This suggests potential for classic architectural charm but also means systems like wiring, plumbing, and the roof should be carefully inspected for age and condition.
3. Is the assessed value a good indicator of the selling price?
The assessed value is $23,600, which is below the city-wide average but above average for Inkster-Faraday. Sale prices are influenced by market conditions, the home’s specific state, and buyer demand, so recent comparable sales in the immediate area are a more direct guide than the assessment alone.
4. What is the potential for expansion or renovation?
The lot size is above average for the neighbourhood, which could provide room for additions or landscaping projects, subject to zoning bylaws. The existing basement offers further development potential, though it is noted as being unrenovated.
5. How can I find out what it last sold for?
The listing indicates a sale occurred in October 2021, with a public price range provided. For the exact sale price, you can request that information directly via the email link on the property detail page.