Property Overview: 676 Church Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Inkster-Faraday neighbourhood presents a straightforward, value-oriented opportunity. Its key characteristics include 1,024 sqft of living space, a detached garage, and an unfinished basement, all on a 3,073 sqft lot. Built in 1914, the home is a century-old property that has not undergone recent renovations.
The primary appeal lies in its position as an affordable entry point into the Winnipeg market. With an assessed value significantly below both city and area averages, it stands out for buyers focused on land and location value over a move-in-ready condition. It suits practical, hands-on buyers such as first-time homeowners comfortable with a project, investors looking for a rental property with a low entry cost, or those seeking a modest footprint with the potential to customize over time. A less obvious perspective is that its smaller lot size, while below average for the street, translates to lower maintenance, which could be a benefit for those seeking simplicity. Its "around average" metrics within the Inkster-Faraday area itself suggest it is a typical property for this specific community, offering a genuine snapshot of the neighbourhood's housing stock.
Section 2: Frequently Asked Questions
1. What is the actual recent sold price?
Public data shows it sold between $11.50k and $14.50k in August 2019. For the exact sale price, you must request it directly via email from the listing service, as they manually provide this specific data.
2. What does "below average" assessed value mean for me?
A below-average assessed value, like this home's $170k compared to a city average of $390k, typically indicates a lower property tax burden. It also strongly suggests the property is unrenovated and may require significant updates, which is reflected in its valuation.
3. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is unfinished and budget for any desired developments, such as creating living space or addressing foundational or moisture concerns common in century-old homes.
4. How does the lot size impact the property?
At 3,073 sqft, the lot is smaller than many on Church Avenue. This means less outdoor space for gardening or expansion but also easier upkeep. Any future addition or garage expansion would need to consider lot coverage bylaws.
5. Are comparable homes in the area similar in condition?
The provided comparable sale at 660 Machray Avenue (similar age, neighbourhood, but larger and with a higher assessed value) indicates that homes in this area vary. This property sits at the more affordable, unrenovated end of that spectrum, which is consistent with its pricing history.