Property Overview: 632 Anderson Avenue, Winnipeg
Key Characteristics & Appeal
This home is a compact, one-and-a-half storey character property built in 1912, situated in the Inkster-Faraday neighbourhood. With 760 sqft of living space and a renovated basement, it presents a practical, no-frills opportunity. Its primary appeal lies in its affordability and straightforward footprint, underscored by a recent 2024 sale and an assessed value significantly below the Winnipeg city average. The lot size is generous for the area, offering potential outdoor space uncommon for homes of this price point.
This property would suit first-time buyers seeking an entry into the market with manageable scale and taxes, or investors looking for a stable, low-maintenance rental asset. Its below-average size and vintage mean it’s not for those needing ample modern space, but it offers a grounded starting point. A thoughtful perspective is that while its metrics rank below city averages, they are often average or better within its immediate local context, suggesting it’s a typical and competitively positioned home for this specific, more affordable segment of Winnipeg.
Frequently Asked Questions
1. What is the actual recent sold price?
The available public data shows a sold price range of $19.50k to $22.50k in June 2024. For the exact sale price, you can request the information via email from the listing source.
2. How does the home’s size compare to others?
At 760 sqft, the living area is below the average for Winnipeg, but is more comparable to the typical home in the Inkster-Faraday neighbourhood. It’s a compact layout.
3. Is the low assessed value a concern?
The assessed value of $17.90k is typical for the street and neighbourhood, and reflects this market segment. It generally translates to lower property taxes, which is a key advantage for cost-conscious owners.
4. What does "renovated basement" imply?
The listing notes a renovated basement, which adds functional living space. Specifics on the finish quality, permits, or the nature of the renovation would require further inquiry during a viewing or with the seller.
5. How does the 1912 year of build affect the property?
The age indicates classic construction and potential character, but also means buyers should pay particular attention to the condition of major systems (like plumbing, electrical, and the foundation) during inspections, as updates may be needed.