Property Overview: 622 Church Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Inkster-Faraday presents a practical, no-frills opportunity. Its key characteristic is value within its immediate neighborhood. While its 850 sqft living area is modest and below the city average, its assessed value is notably above average for the Inkster-Faraday area, suggesting it may offer more house for the money within this specific locale. The home sits on a smaller, 3,067 sqft lot and features a detached garage and a renovated basement.
The appeal lies in its role as a straightforward, entry-level property. It suits first-time buyers or practical investors seeking a functional home without premium size or lot space. A less obvious perspective is that its smaller lot and efficient footprint could mean lower maintenance costs and utility bills, appealing to those prioritizing simplicity and lower ongoing expenses over expansiveness. Its above-average assessment for the area might also indicate a well-maintained property relative to its immediate peers.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 850 sqft, the home is compact. It's below the city-wide average but may be sufficient for a small household. The renovated basement could provide crucial additional functional space.
2. How does the assessed value compare?
The assessed value is above the average for the Inkster-Faraday neighborhood but below the Winnipeg city-wide average. This typically suggests the property holds good value within its specific market context.
3. What does the sale history indicate?
The home sold previously in 2016 and 2022. The price range increased between those sales, reflecting broader market trends. For the exact sold prices, you can request the information via email from the listing source.
4. What are the implications of a smaller lot?
The 3,067 sqft lot is below average for the street and city. This means less yard maintenance but also limited private outdoor space and potential for expansion.
5. What type of neighborhood is Inkster-Faraday?
The data shows homes here have, on average, smaller living areas and lower assessed values than the city-wide benchmark. This points to a more affordable, established neighborhood where this particular property stands as a competitively valued option.