Property Overview & Key Characteristics
This one-and-a-half storey home on Lansdowne Avenue presents a practical opportunity in Winnipeg's Inkster-Faraday area. Its key appeal lies in offering above-average space and land for the immediate neighborhood. With 1,240 sqft of living area and a generous 5,634 sqft lot, it ranks in the top 18-29% for size on its street and in the wider area. A recently renovated basement and a detached garage add functional value. Built in 1948, the home is newer than many in the local comparison group.
The property’s assessed value of $30.10k is notably high for Inkster-Faraday, placing it in the top 3% of the area, which suggests it is viewed as a premium property within this specific market. This combination suits buyers looking for a home with more room to grow, both indoors and outdoors, compared to nearby options. It would particularly appeal to those who value a established neighborhood character and are seeking a property that stands out in its local context for its lot size and perceived value.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in September 2024 for between $37.50k and $40.50k. Its current assessed value of $30.10k is lower than that sale price range, which is typical, but it ranks exceptionally high (top 3%) for assessed value within the Inkster-Faraday area.
2. What does the "above average" ranking for the lot size mean practically?
With a lot of over 5,600 sqft, this property has a significantly larger yard than the average home in its immediate area (which averages about 4,300 sqft on this street). This allows more space for gardening, play, or outdoor living than most neighboring properties.
3. Is the basement renovation reflected in the living area square footage?
No, the 1,240 sqft living area typically refers to above-grade space. The renovated basement is additional, functional space that adds to the home's utility but is not included in the official living area calculation.
4. How does this home fit within the broader Winnipeg market?
City-wide, this home is around average for living area and assessed value. Its standout features—like lot size and assessed value—are most significant when compared specifically to its own neighborhood and street, indicating it offers more relative value locally than it might in other parts of the city.
5. Where can I find exact historical sale prices?
The provider offers an exact sold price history upon request via email. The public data shows price ranges; they manually provide precise figures with a same-day turnaround and state they will not use contact details for unsolicited marketing.