Property Overview: 692 Church Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1913, presents a practical opportunity in the Inkster-Faraday neighbourhood. Its primary appeal lies in its above-average living space of 1,448 sq ft, which ranks in the top 14% of homes on its street and the top 8% within the local area, offering more room than many comparable properties. The home sits on a standard city lot and features a basement, though it is noted as not being renovated. There is no garage or pool.
The property’s assessed value is notably below the citywide average, which suggests a potentially accessible entry point into the market. This combination of ample interior space and a lower assessment creates a distinct value proposition. It would suit a buyer looking for a project-in-waiting—someone comfortable with a home that may require updates but offers good square footage for the price. It’s also a candidate for investors or practical first-time buyers prioritizing space and location over modern finishes, who can see the potential in its foundational structure and size.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home's condition, specific location, and recent sales in the area. A below-average assessment here likely reflects the older age of the home and the unrenovated basement, not necessarily its market sale price.
2. What does "basement, not renovated" typically imply?
This usually indicates the basement is in original or functional condition, but may lack modern finishes, an updated layout, or moisture-proofing. Buyers should budget for potential updates and include a thorough inspection to understand its current state.
3. How does the living area compare to nearby homes?
The living area is a strong point. It is significantly larger than the average for both Church Avenue (1,155 sq ft) and the wider Inkster-Faraday area (1,025 sq ft), meaning you get more interior space than most immediate neighbours.
4. What is the parking situation without a garage?
Buyers should plan for on-street parking or the potential cost of adding a driveway or parking pad, subject to city bylaws. Reviewing street parking regulations with the city is recommended.
5. Where can I find the exact historical sale prices?
The listed sale price ranges are based on public data. The exact sale prices are available by request via email from the source website, which provides the figures manually as a service.