Property Overview: 604 Machray Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1942, presents a solid opportunity in Winnipeg's Inkster-Faraday area. Its key appeal lies in its above-average positioning within the immediate neighbourhood. While its 1,280 sqft living space and $280k assessed value are generally average citywide, they rank within the top 17% and elite top 5%, respectively, for the Inkster-Faraday area. This suggests a property that stands out locally for its size and perceived value.
A significant feature is the renovated basement, adding functional living space. The property sits on a 5,743 sqft lot, which is notably large for the neighbourhood (top 5%), offering valuable outdoor space or future potential. The detached garage provides practical storage or workshop space.
This home would suit a practical, value-conscious buyer looking for a character home with modernized essentials in a established community. It’s ideal for someone who prioritizes lot size and interior space relative to other homes in the area, rather than seeking a city-wide standout. The renovated basement also makes it suitable for those needing flexible space for a family, home office, or hobbies.
Frequently Asked Questions
1. How does this property truly compare in value?
While its assessed value is below the Winnipeg average, it ranks in the elite top 5% for the Inkster-Faraday neighbourhood. This indicates you are purchasing a property considered a higher-tier home within this specific community context.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of finishes, the status of moisture control, and whether it includes a proper secondary suite or is simply finished living space.
3. Is the large lot an advantage?
The lot size is a major asset for the area, offering more private outdoor space than most neighbouring properties. This could allow for gardening, expanded recreation, or future additions (subject to zoning bylaws). It's a less obvious feature that provides a sense of space uncommon in the neighbourhood.
4. What should I consider about the home's age?
Built in 1942, the home's core systems (like plumbing, electrical, and the foundation) may be original or partially updated. While the basement has been renovated, the overall maintenance and updates to these older systems will be a key factor in its condition and future costs.
5. Why is there a range for the last sold price?
The sold price history provided is an estimated range based on public data. To obtain the exact sale price from October 2020, you must request it directly from the site via email, as they manually verify this information from non-public sources.