Property Overview
This one-and-a-half storey home at 664 Church Avenue in Winnipeg's Inkster-Faraday neighbourhood presents a straightforward, entry-level opportunity. Built in 1912, it features 1,021 square feet of living space, a detached garage, and a full basement that has not been renovated. The home sits on a 3,073 sqft lot. Recent public data indicates a sale in late 2022 in the $20,500 to $23,500 range, with a current assessed value of $20,300.
Key Characteristics & Appeal
The primary appeal of this property is its position as an affordable foothold in the Winnipeg market. Its assessed value is notably below the citywide average, suggesting a lower property tax burden and an accessible entry point. While the living space is modest and the home is among the older on its street, its size is quite typical for the immediate Inkster-Faraday area. This creates a practical scenario: you're purchasing a home that fits the local context rather than standing out as an anomaly.
The property would suit a first-time buyer, an investor looking for a rental property, or a hands-on individual comfortable with a home that may require updates over time. The unrenovated basement represents both a current limitation and future potential. A less obvious perspective is that a smaller, older home on a standard city lot can offer manageable upkeep costs and a simpler living footprint, which can be a deliberate choice rather than just a compromise. Its appeal lies in practicality and potential, not in immediate turn-key luxury.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value of $20,300 is significantly below the Winnipeg average, which typically translates to lower annual property taxes. It's important to note this is a value for taxation purposes and not a market valuation.
2. How does the living space compare to the area?
At 1,021 sqft, the home is slightly below the average for its specific street but is actually very close to the average size for the broader Inkster-Faraday neighbourhood, indicating it's a fairly typical home for the local area.
3. What should I consider about the year it was built (1912)?
As one of the older homes on the block, prospective buyers should budget for potential updates to older mechanical systems, insulation, or windows. A thorough inspection is highly recommended to understand the condition of the structure and major components.
4. Is the basement usable in its current state?
The listing specifies the basement is "not renovated." This means it is likely in a rough, unfinished state suitable for storage and utilities but not for comfortable living space without investment.
5. How can I find out the exact past sale price?
The listed sale price range is based on public data. The site offers to provide the exact sale price from its records via a manual email request, which they state they will fulfill without using your email for unsolicited marketing.