625 Lansdowne Avenue

Property Overview: 625 Lansdowne Avenue

Key Characteristics & Appeal

This one-and-a-half storey home on Lansdowne Avenue is a solid, well-positioned property in the Inkster-Faraday neighbourhood. Its primary appeal lies in offering above-average space and value within its immediate area. With 1,386 sqft of living space and a 5,179 sqft lot, it provides more room than most comparable homes on its street and in the wider neighbourhood. A key feature is the renovated basement, adding functional living space. The home is complemented by a detached garage.

The data reveals a thoughtful perspective: this property stands out more locally than it does city-wide. Its assessed value ranks in the top 2% for the Inkster-Faraday area, suggesting it is considered a premium home within this specific market. However, its size and value are closer to the Winnipeg average, indicating it’s a substantial home for the neighbourhood rather than an outlier for the city. Built in 1946, it is a character home typical of the area’s housing stock.

This home would suit practical buyers looking for a spacious, established property in a neighbourhood setting. It’s ideal for someone who values interior space and a generous lot over a brand-new build, and for buyers who recognize the advantage of owning a property that rates highly within its own community.

Frequently Asked Questions

1. How does this home’s value compare to its last sale price?
The home sold in August 2021 for an estimated $28.5k to $31.5k. Its current assessed value is $32.4k, indicating stable or slightly appreciating value in the years since.

2. Is the living space typical for the area?
Yes, and it’s notably above average. With 1,386 sqft, it ranks in the top 10% of homes in Inkster-Faraday for living area, offering more interior space than most direct neighbours.

3. What does the “Top 2%” assessed value ranking mean for this neighbourhood?
This high ranking means the assessed value of this home is greater than 98% of properties in Inkster-Faraday. It suggests the home is considered one of the more valuable properties in the area, which can be a positive indicator of its condition, features, or lot appeal relative to nearby homes.

4. Are there any recent comparable sales on the same street?
Yes. For reference, 670 Lansdowne Avenue (built 1947, 1,424 sqft) recently sold with an assessed value of $24.4k, and 675 Lansdowne Avenue (built 1949, 833 sqft) sold with an assessed value of $270k. This shows variability on the street, with 625 Lansdowne appearing to offer a balance of size and value.

5. How can I find out the exact historical sold prices?
The exact sold prices are provided manually by the listing service. You can submit your email via the "Get exact sold price history" button on the property page. They aim to reply by the end of the same day and state they will not use your email for unsolicited marketing.