643 Lansdowne Avenue

Property Overview: 643 Lansdowne Avenue

Key Characteristics & Appeal

This one-storey home on Lansdowne Avenue is a practical property whose primary strengths lie in its lot size and established neighborhood context. Built in 1948, the 933 sqft house features a renovated basement and a detached garage. Its living space is modest, ranking below the citywide average, which suggests a efficient, manageable layout.

The standout feature is the land. The 5,955 sqft lot is significantly larger than most in the immediate Inkster-Faraday area, placing it in the top 3% of the neighborhood. This offers valuable outdoor space and potential not found in nearby properties. The home’s assessed value is notably strong for the local area, ranking in the top 10%, indicating it is viewed favorably compared to its closest peers despite its smaller size.

This home would suit a first-time buyer or downsizer looking for a lower-maintenance, single-level layout in an established community, where a large, private yard is a priority over expansive indoor square footage. It also appeals to a value-oriented buyer who recognizes that the lot size and solid local assessment provide a stable foundation in the market.

Frequently Asked Questions

1. How does the home’s size compare to others?
The living area is 933 sqft, which is below the Winnipeg average. However, it is more in line with the typical size of homes on its own street and in the Inkster-Faraday neighborhood.

2. What is the significance of the lot size?
The 5,955 sqft lot is a key asset. It is much larger than most lots in the immediate area, offering above-average outdoor space for gardens, recreation, or future expansion, which is uncommon for the neighborhood.

3. The assessed value seems high for the neighborhood. Why?
The assessment ranks in the top 10% for Inkster-Faraday. This likely reflects the renovated basement, the desirable lot size, and the property’s overall condition relative to other homes in the local comparison group.

4. What can recent sales on the street tell us?
A nearby, similar-sized home at 675 Lansdowne Ave (built 1949, 833 sqft) sold for approximately $270k, suggesting strong demand for well-positioned properties on the street, regardless of modest square footage.

5. Is the older age of the home (1948) a concern?
The year built is actually newer than the average for both the street and the Inkster-Faraday area. While systems may still require updating, the structure itself is not unusually old for this well-established community.