Property Overview
This one-and-a-half storey home at 622 Machray Avenue in Winnipeg’s Inkster-Faraday neighbourhood presents a distinct value proposition centered on its land. Built in 1923, the 1,046 sqft house features a basement and a detached garage. Its standout characteristic is an exceptionally large 8,120 sqft lot, ranking in the top 1% for land size both on its street and within the wider neighbourhood. While the living space is modest and the home itself is of an older vintage, its 2022 sale price and current assessed value are notably below city-wide averages.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot size is a rare find, offering significant outdoor space, potential for expansion, or future redevelopment in a mature neighbourhood. The home itself is a functional, no-frills canvas. It suits a practical buyer—perhaps a first-time homeowner comfortable with a project, an investor looking for a land-value play, or someone seeking ample yard space for gardens, pets, or family activities without a premium price tag. Its assessed value is above average for Inkster-Faraday, suggesting the lot contributes to solid perceived value within the immediate area, even while being priced below Winnipeg’s broader market. This creates an opportunity for buyers whose priorities are space and location over turn-key condition.
Frequently Asked Questions
1. What is the exact sold price history?
The public data shows a sale in July 2022 for an estimated range of $20.50k to $23.50k. For precise historical sale figures, you can request the exact records directly via the provided email service.
2. How does the lot size compare to nearby properties?
The 8,120 sqft lot is exceptionally large. It ranks in the top 1% on Machray Avenue and in the Inkster-Faraday neighbourhood, where average lots are roughly 4,900 sqft and 3,600 sqft, respectively.
3. Is the home renovated?
The listing specifies the basement has not been renovated. The condition of the main living areas is not detailed, implying the home likely requires updates or is in original condition.
4. What does the assessment ranking mean for property taxes?
While the assessed value is above average for the local neighbourhood, it is below the city-wide average. This typically results in property taxes that are reasonable for the area, but not necessarily the lowest in the city.
5. Who would this property best suit?
It best suits value-oriented buyers who prioritize land size over a modernized home. This includes those willing to undertake renovations over time, investors considering long-term land value, or anyone seeking extensive outdoor space typically unavailable at this price point in more central locations.