Property Overview: 675 Anderson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1925, presents a solid opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 1,080 sqft of living space and a renovated basement, it offers functional space on a decent 4,299 sqft lot, complemented by a detached garage.
Its primary appeal lies in its strong relative value within its immediate area. The assessed value ranks in the top 12% on its street and top 6% in the neighbourhood, suggesting it is viewed as a well-maintained or improved property compared to many nearby peers. This positions it as a practical, value-conscious choice. The home would suit first-time buyers or investors looking for an established character home with recent updates (noted in the basement) in a no-frills, traditional Winnipeg neighbourhood. It’s a property for those who prioritize solid fundamentals and local value over city-wide comparisons or newer construction.
A less obvious perspective is the home’s time-tested resilience; built nearly a century ago, it has clearly been maintained as a viable dwelling. The data also hints that while it stands out positively on its street, its assessed value is more modest city-wide, which could appeal to buyers seeking affordability without compromising on condition relative to the immediate community.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
Based on available data, a home on this street sold in late 2017 for an estimated $21.5k-$24.5k. The current assessed value of $27.6k is higher, which may reflect market changes, specific renovations (like the basement), or municipal assessment practices.
2. Is the living space smaller than average?
At 1,080 sqft, it is slightly below the average for similar homes on Anderson Avenue (~1,160 sqft) but is actually above the average for the broader Inkster-Faraday neighbourhood (~1,025 sqft). It provides a compact, efficient layout.
3. What does the "above average" assessed value ranking mean for taxes?
A higher assessed value relative to neighbours typically results in a proportionally higher property tax bill. However, it also indicates the municipality views this property as having greater value than many surrounding homes, which can be positive for equity.
4. What is the significance of the lot size?
The lot is approximately 4,300 sqft. This is above average for the Inkster-Faraday area, offering more outdoor space than many local properties, but is around the median size when compared to homes on the same street.
5. Are sold prices for nearby properties available?
Exact sold prices are not publicly listed in this summary. The page notes that precise historical sale data can be requested directly via email from the source.