Property Overview: 630 College Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1929, presents a solid opportunity in the Inkster-Faraday neighbourhood. Its key appeal lies in its above-average living space (1,345 sq ft) for the immediate area and street, offering more room than many comparable homes nearby. The property features a renovated basement and a detached garage on a standard city lot.
The home’s assessed value is notably above average for both College Avenue and the wider Inkster-Faraday area, suggesting it is a well-regarded property within its local context. This combination of ample, updated space and strong local valuation makes it a practical choice. It would suit first-time buyers or downsizers looking for a character home with modernized fundamentals, or an investor seeking a stable property in a neighbourhood where it stands out positively against immediate peers. A thoughtful perspective is that while its metrics are strong locally, its city-wide rankings for value, lot size, and year built are more modest, indicating a property whose prime appeal is deeply rooted in its specific community rather than city-wide trends.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,345 sq ft, the living area is larger than the average for both College Avenue and the Inkster-Faraday neighbourhood, placing it in the top 25% and 13% respectively for local comparable homes.
2. What does the assessed value tell me about this property?
The assessed value of $24,800 is above the local average for both the street and the neighbourhood, indicating it is likely viewed as a higher-value home within this specific market area.
3. Has the basement renovation been permitted?
The listing notes a renovated basement. As with any renovation, a buyer should verify that all work was completed with the necessary permits and inspections to ensure it meets current building codes.
4. What are the typical property taxes for a home with this assessment?
Property taxes are calculated by applying the City of Winnipeg’s annual mill rate to the assessed value. You can estimate taxes by multiplying the $24,800 assessment by the current residential mill rate.
5. The home sold in early 2023. What was the exact sale price?
The public data shows a sold price range. For the precise sale price from that transaction, you can request the information directly via the email link provided on the listing page.