Property Overview: 597 Lansdowne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Lansdowne Avenue in Inkster-Faraday presents a practical and value-conscious opportunity. Built in 1946, it features 1,144 sqft of living space, a renovated basement, and a detached garage on a 4,622 sqft lot.
Its primary appeal lies in its strong positioning within its immediate neighbourhood. The data shows that for Inkster-Faraday, this home ranks well above average in assessed value (top 10%) and land area (top 18%), suggesting it is a comparatively substantial property for the area. It offers the space and utility of a classic Winnipeg home without a premium city-wide price tag, as evidenced by its most recent sale in late 2024. The renovated basement adds functional living space.
This property would suit first-time buyers seeking a solid entry point with room to grow, or investors looking for a character home with established value in a neighbourhood context. It’s a home for those who appreciate a property that stands out locally for its lot size and assessment, rather than one competing with newer suburban builds. A thoughtful perspective is that its "above average" status in the neighbourhood could offer a degree of insulation from market fluctuations specific to this community.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
Within the Inkster-Faraday neighbourhood, this home ranks above average in key metrics like assessed value and land area. This means you are getting more lot space and a higher assessed value than most comparable homes nearby, while the living space is generally on par with the area average.
2. What is the significance of the "renovated basement"?
While specific finishes aren't detailed, a renovated basement typically means the space is finished as livable area, adding functional square footage for recreation, storage, or additional rooms. It’s a key utility feature that adds immediate usability.
3. The home was built in 1946. What should I consider?
As an 80-year-old character home, prospective buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof. A thorough home inspection is essential. The positive trade-off is often the quality of materials, larger lot size, and established neighbourhood feel not found in newer builds.
4. The city-wide assessed value ranking seems low. Why?
The assessed value is below the city-wide average because it reflects the home’s value within the broader Winnipeg market, which includes many newer, higher-valued suburbs. This ranking highlights the property's affordability on a city scale, while its strong neighbourhood ranking confirms its relative value within Inkster-Faraday.
5. Where can I find the exact historical sold prices?
The exact sold prices are not publicly displayed in detail due to data privacy practices. The listing service provides an estimated sold price range (e.g., $30.50k ~ $33.50k for Nov 2024) and offers to provide the precise figure via email upon request, which they handle manually.