617 St John'S Avenue

Property Overview: 617 St John's Avenue

Key Characteristics & Appeal

This home is a one-and-a-half storey character property built in 1911, offering 1,048 square feet of living space on a 3,900 sqft lot in the Inkster-Faraday neighbourhood. Its key updated feature is a renovated basement, adding functional living space. The home lacks a garage or pool.

Its primary appeal lies in its position as a grounded, no-frills entry point into the Winnipeg market. With a historically low assessed value and sold price, it represents one of the most accessible single-family home opportunities in the city. This isn't a modern showpiece; its value is in the fundamentals—ownership, land, and a renovated lower level in a long-established community. The lot size is notably generous for the area, offering above-average outdoor space compared to immediate neighbours.

This property would best suit a pragmatic first-time buyer, an investor looking for a straightforward rental property, or someone seeking minimal property tax obligations. It’s for those who prioritize getting into the market over turn-key finishes, and who see potential in a century-old home’s sturdy foundations and character.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
This is common for older, smaller homes in established neighbourhoods. The assessed value reflects factors like the home's age, size, and market values within its specific area, not the city's booming newer subdivisions.

2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor and a second floor with sloping ceilings where the roofline begins, often creating cozy bedrooms or unique spaces. It's a classic Winnipeg architectural design.

3. The sold price history shows a range. What's the exact figure?
For privacy and data accuracy reasons, exact sold prices are not published publicly. You can request the precise figure via email from the site; they provide it manually without marketing spam.

4. Is the lack of a garage a significant drawback?
For many buyers in this price segment, it's an accepted trade-off. The lot has space for potential parking solutions or a future structure, but immediate on-site parking would be limited to the driveway.

5. How does the renovated basement add value?
A finished basement effectively increases the usable living area, which is valuable in a smaller home. It can provide crucial space for utilities, storage, a recreation room, or a separate entrance, making the home more functional.