Property Summary: 621 Mountain Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1935 on a standard city lot in the Inkster-Faraday neighbourhood. Its defining characteristic is its modest scale: with a living area of 480 sq ft, it is notably smaller than most homes in the city. The property includes a detached garage and an unfinished basement. The appeal lies squarely in its affordability and simplicity. With an assessed value significantly below the city average, it represents a very low barrier to entry into homeownership. It suits a specific buyer: someone seeking an ultra-affordable starter home, an investor looking for a straightforward rental property, or a buyer who values minimal space and upkeep over modern finishes and square footage. A thoughtful perspective is that its small size and vintage charm could be a perfect canvas for a creative, efficient renovation, turning a limitation into a bespoke asset.
Frequently Asked Questions
1. Is the home in livable condition?
The listing notes the basement is "not renovated," suggesting the home likely requires some updates or cosmetic work. Prospective buyers should budget for improvements and are strongly encouraged to conduct a thorough inspection.
2. Why is the assessed value so much lower than the city average?
The low assessment directly reflects the home's very small size (480 sq ft) compared to the typical Winnipeg home, its age, and the market conditions in its area. It indicates a property valued for its land and basic structure rather than its finished living space.
3. What are the recent sold prices for this home?
Public data shows it sold in the range of $14.5k-$17.5k in late 2023 and $10.5k-$13.5k in late 2022. For the exact sale price, you can request the information directly via the website's provided email service.
4. What is the neighbourhood like?
It is located in the established Inkster-Faraday area. The lot size is around average for this specific neighbourhood, suggesting a typical, close-knit community feel rather than a sprawling suburban one.
5. Is this a good investment property?
Given its very low price point, it could offer a high yield relative to its cost for a rental investment. However, investors must carefully consider potential renovation needs, maintenance costs for an older home, and the specific rental demand in this area.