Property Summary: 682 Polson Avenue
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1946, offering a practical and affordable entry point into Winnipeg’s Inkster-Faraday neighbourhood. Its key characteristics include 915 sqft of living space, a renovated basement, and a detached garage on a standard 3,683 sqft lot.
The primary appeal lies in its value proposition. The home presents a below-average price point for the city, making it a notably affordable option. Within its immediate area, however, it holds its own, with assessed value and land size being around the neighbourhood average. The renovated basement adds functional living space, a significant plus for a home of this size. A less obvious perspective is that, while the home is older, its 1946 build date is actually newer than many in the immediate vicinity, potentially suggesting better underlying structure or updates over time compared to direct peers.
This property would suit first-time buyers or investors seeking a straightforward, lower-maintenance home without a large upfront investment. It’s a pragmatic choice for someone prioritizing financial accessibility and a solid foundation over size or modern finishes.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or bathroom to understand its full value and functionality.
2. How does the assessed value relate to the likely selling price?
The home’s assessed value is $19,800, but this is for municipal tax purposes and is typically far below market value. The last known sold price range (2019) was $18.5k-$21.5k. A current market evaluation is essential, as sale prices are driven by market conditions, not tax assessment.
3. Is the home smaller than others in the area?
Yes. With 915 sqft of living area, it is below the average for both Polson Avenue (~1,066 sqft) and Winnipeg overall. This confirms its status as a compact, efficient home, which is a key factor in its affordability.
4. What is the significance of the lot size?
At 3,683 sqft, the lot is very close to the neighbourhood average. This provides a standard outdoor space for a home of this era—adequate for a garden or patio but not unusually large. It aligns with the character of the street.
5. How can I get the exact historical sale prices?
The exact sold prices are not publicly displayed. As noted on the detail page, you must request this information via email from the listing service, which provides it manually as a courtesy.