Property Overview
This one-and-a-half storey home on Church Avenue in Inkster-Faraday presents a classic Winnipeg character home opportunity. Built in 1924, its key appeal lies in its generous 5,849 sqft lot, which ranks in the top 5% for size within the neighbourhood, offering significant outdoor space and potential in an area where lots are typically smaller. The 1,126 sqft living area is consistent with area averages. It features a detached garage and a basement that is present but not renovated, indicating a canvas for customization.
The home suits practical buyers looking for a solid foundation in a well-established area. It’s ideal for someone who values space over a modern turn-key finish, such as a gardener, a DIY enthusiast, or an investor seeking a property with a strong land-to-structure ratio. Its assessed value positions it as an above-average property within Inkster-Faraday itself, suggesting a solid footing in the local market, even if it's more modest by broader city standards. The appeal is grounded in lot size, neighbourhood-relative value, and the potential inherent in a home with a clear history.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Prospective buyers should budget for inspections and potential updates, as it likely requires modernization or moisture management common to homes of this era.
2. How does the lot size compare practically?
At nearly 5,850 sqft, the lot is a standout feature. This is significantly larger than the neighbourhood average (~3,647 sqft), offering rare potential for additions, landscaping, gardening, or outdoor living space that isn't typically available on nearby properties.
3. Why is the assessed value so different when comparing the neighbourhood to the city?
The assessed value is strong for Inkster-Faraday (top 29%) but below the Winnipeg city average. This highlights how property values are hyper-local; it represents a solid investment within its immediate market context rather than the pricier city-wide market.
4. What can the sale history tell us?
The home sold in 2021 and previously in 2016. The increase in sale price range between those dates indicates market movement. Requesting the exact sold prices can help gauge recent appreciation and inform a current offer.
5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready home without any projects, as the basement condition suggests needed work. Those prioritizing a modern, open-concept layout or a brand-new build might find the 1924 layout and required updates less appealing.