Property Overview: 665 Lansdowne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in the Inkster-Faraday neighbourhood. Its key appeal lies in a balanced profile of space and location value. With 1,233 sqft of living area, the home offers slightly more space than many in its immediate area and neighbourhood. A standout feature is the land: at over 5,600 sqft, the lot size is well above average for both the street and the wider Inkster-Faraday area, offering ample outdoor space and potential.
The home includes a basement and a detached garage. Notably, the assessed value positions the property as a relatively affordable option city-wide, while being above average for its specific neighbourhood—suggesting it sits in a value pocket within the larger Winnipeg market. The home would suit a first-time buyer, an investor, or a practical homeowner looking for a property with a generous lot without a premium city-wide price tag. Its unrenovated basement indicates a canvas for customization or a project for those willing to update over time.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value is above the average for the Inkster-Faraday neighbourhood but is around the average for Lansdowne Avenue itself. This suggests it is competitively priced within its immediate streetscape while potentially offering better value than many properties in the broader community.
2. Is the lot size a significant advantage?
Yes. The land area is in the top 17% on the street and top 6% in the neighbourhood, meaning it is substantially larger than most comparable local properties. This allows for more privacy, yard space, and future possibilities like gardening, expansion, or adding outdoor structures, subject to local bylaws.
3. What does the sold price history indicate?
Public records show a sale in August 2019 within a range of $235k-$265k. The current assessed value is consistent with that range, indicating stable market value in recent years without extreme fluctuation.
4. Who might this property not suit?
Buyers seeking a fully modernized, move-in-ready home without any projects may need to budget for updates, as the basement is noted as unrenovated. Those prioritizing a newer home (this one is 78 years old) or a property with a built-in garage may also want to consider other options.
5. How does the living space compare to nearby homes?
At 1,233 sqft, the living area is above the neighbourhood average (~1,025 sqft) and slightly above the street average (~1,124 sqft). This means you typically get more interior space here than in many other local homes, though it is close to the city-wide average.