Property Overview: 616 St John's Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a practical opportunity in the Inkster-Faraday neighbourhood. With 1,176 sqft of living space, it offers a comfortably sized layout that is above average for its immediate area. The home features a basement, though it is noted as not being renovated, and does not include a garage or pool. Its assessed value is notably modest compared to the Winnipeg city-wide average, positioning it as an accessible entry point into the market.
The primary appeal lies in its value proposition and location-specific context. Within its own neighbourhood and street, the home's size and assessed value are competitive and around the local averages, suggesting it fits the fabric of the community well. It would suit a first-time buyer, an investor looking for a rental property, or a downsizer seeking a lower-cost, no-frills home. A thoughtful perspective is that its older vintage (1912) and unrenovated basement offer a clear canvas for customization, allowing a buyer to add value according to their own taste and budget without paying a premium for prior upgrades. However, the smaller lot size compared to others on the street indicates outdoor space may be more limited.
Frequently Asked Questions
1. What does "above average for the area" for living space mean?
In the Inkster-Faraday neighbourhood, this home's living area ranks in the top 29%, meaning it is larger than many comparable homes nearby, offering more interior space than typical local offerings.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of approximately $18,300 is based on municipal valuation for tax purposes and is typical for this specific neighbourhood and street. The city-wide average includes all property types and areas, so this figure reflects the local market conditions in Inkster-Faraday.
3. What are the implications of the "not renovated" basement?
This indicates the basement is in functional, original, or utility condition. Buyers should budget for potential updates or repairs and consider it a space for laundry and storage unless renovations are undertaken.
4. How recent is the sold price history shown?
The last recorded sale was in March 2021, with a public price range between $16,500 and $19,500. For the exact sale price, you can request the information via email from the source.
5. Is the lot size a concern?
At 3,187 sqft, the lot is below the average size for St John's Avenue. This means yard space is more compact, which could be a consideration for those wanting extensive outdoor areas but may appeal to those seeking lower maintenance.