Property Overview
This one-and-a-half storey home on a large lot presents a distinct value proposition in Winnipeg's Inkster-Faraday neighbourhood. Built in 1929, it offers above-average living space (1,360 sq ft) and a detached garage. Its primary appeal lies in its significant lot size—at nearly 5,900 sq ft, it ranks in the top 4% of the local area—offering rare potential for expansion, gardening, or outdoor living. The home has an unfinished basement awaiting customization.
The property suits practical buyers looking for a solid foundation in a mature neighbourhood. It’s ideal for a hands-on owner who sees value in land size and is prepared to update the interior over time. The assessed value suggests it's a premium property within its immediate area but remains accessible compared to city-wide averages, appealing to those seeking affordability without sacrificing lot space.
Frequently Asked Questions
What does the "Elite" ranking for Land Area mean?
It means this property's lot size is in the top 5% compared to similar homes in the Inkster-Faraday neighbourhood. You're getting significantly more outdoor space than is typical for the area.
Is the basement finished?
No, the basement is noted as unfinished. This presents a blank canvas for future development, such as creating a rec room, additional storage, or rental suite, subject to local regulations.
How recent are the sold price figures?
The last recorded sale was in April 2019. For the exact sold price, you can request it via email from the site; they provide this data manually and do not use requests for unsolicited marketing.
The home was built in 1929. What should I consider?
While the structure is nearly a century old, the systems (plumbing, electrical, roof) and insulation may require attention or updating. A thorough inspection is essential to understand the condition and any needed investments.
Why is the city-wide assessed value ranking lower than the neighbourhood ranking?
The assessed value is high for the Inkster-Faraday area (top 5%), but is below the Winnipeg city-wide average. This highlights that property values vary significantly by location, and this home represents a stronger value within its local market context.