Property Overview
This one-and-a-half storey home on Lansdowne Avenue is a classic Winnipeg property that offers solid value within its established neighbourhood. Built in 1947, it features 1,164 sqft of living space, a renovated basement, and a detached garage on a 4,143 sqft lot. Its appeal lies in being a well-positioned, practical home that outperforms many local comparables. The data shows it sits above average for the Inkster-Faraday area in key metrics like assessed value and year built, suggesting it's a relatively newer and more valuable property within this specific community. However, it presents as a more average offering when compared to the entire city, positioning it as a sensible, grounded choice without the premium of more central or newer subdivisions.
This home would suit first-time buyers or practical investors looking for a move-in-ready base in a no-fuss neighbourhood. It’s also a fit for those who value a renovated basement for extra living space and prefer the flexibility of a detached garage. A less obvious perspective is that this property represents a "neighbourhood anchor"—it holds its value well within its immediate area, as evidenced by its strong local rankings, which could offer stability even if city-wide trends fluctuate.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value ranks in the top 6% for the Inkster-Faraday neighbourhood, meaning it is considered above average compared to most direct local comparables. This suggests it is a relatively strong performer within this specific community.
2. Is the living space typical for the area?
Yes. With 1,164 sqft, the living area is very close to the neighbourhood average. It offers a comfortable, standard amount of space for the area without being exceptionally large or small.
3. What does the sold price history indicate?
The home has sold twice in recent years (2019 and 2021), showing steady, incremental price increases in that period. This indicates a stable, active market for the property without volatile price swings.
4. How does the lot size compare?
The lot is 4,143 sqft, which is above average for Inkster-Faraday (ranking in the top 27%). This means you get more outdoor space than many neighbouring properties, a notable advantage in an older neighbourhood.
5. The home was built in 1947. What should I consider?
While the home is nearly 80 years old, it’s actually newer than many in the area (ranking in the top 10% locally for year built). The renovated basement is a positive update. A standard inspection is always recommended to understand the condition of major aging components like the roof, plumbing, and wiring.