Property Overview: 623 Polson Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Polson Avenue presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. Its key characteristic is a generous 4,920 sqft lot, which is notably larger than most in the immediate area and offers significant outdoor space or future expansion potential. The 924 sqft living area is modest and typical for the street, housed in a structure built in 1946. The home features a detached garage and an unrenovated basement, indicating a property that is functional as-is but holds value for those willing to personalize or update over time.
The appeal lies in its solid foundational metrics and value proposition. The assessed value is well-positioned within the neighbourhood, suggesting a manageable entry point into the market. It particularly suits first-time buyers seeking a home with a sizable yard, or value-oriented investors looking for a character home with a strong land component. It's a property for those who see potential in the lot size and are comfortable with a home that may require gradual updates, rather than a turn-key solution. A less obvious perspective is that, while its city-wide rankings for size and age are lower, its relative standing within its own community is strong, highlighting it as a competitively positioned property in its local market.
Frequently Asked Questions
1. What is the exact recent sold price?
The available public data shows a sold price range of $19.50k - $22.50k for September 2022. The precise figure can be obtained by request from the listing service.
2. How does the lot size compare to nearby properties?
The land area of 4,920 sqft is a standout feature. It ranks in the top 15% on Polson Avenue and the top 12% in the Inkster-Faraday area, meaning it is significantly larger than many neighbouring lots.
3. Is the basement finished?
No, the basement is noted as being unrenovated. This presents both a blank canvas for future development and a consideration for immediate living space and storage.
4. How old is the home, and how does that compare?
The home was built in 1946. This is around the average age for Polson Avenue but is actually newer than many homes in the wider Inkster-Faraday area, where it ranks in the top 13% for year built.
5. What is the home's value proposition within Winnipeg?
City-wide, this home sits below average for living area and assessed value, which reflects its positioning as an affordable entry point. Its value is most directly realized within the context of its neighbourhood, where it offers above-average lot size and a competitively assessed value.