Property Overview
This one-and-a-half storey home on Mountain Avenue is a practical and character-filled property in the Inkster-Faraday neighbourhood. Built in 1912, it offers 1,099 sqft of living space with a renovated basement and a detached garage. The home presents a balanced profile within its immediate area: its living space, assessed value, and lot size are all around the average for similar homes on its street and in the neighbourhood. Its appeal lies in this stability—it’s a home that matches the local norms without extremes, situated on a street with many properties of a similar vintage and scale. It would suit a first-time buyer or an investor looking for a solid, no-surprises entry into the Winnipeg market, particularly someone who appreciates the established feel of an older neighbourhood and the value of a recently updated basement.
A thoughtful perspective is that while its city-wide rankings for size and value are below average, this reflects the property’s context in a mature, centrally-located area where lots and homes are typically more compact compared to newer suburbs. This isn’t a drawback, but a defining characteristic that offers a different lifestyle—one with shorter commutes, mature trees, and a sense of history. The recent basement renovation adds modern functionality to the classic layout, making it a pragmatic blend of old and new.
Frequently Asked Questions
1. Is this a good value compared to the rest of the city?
The assessed value is significantly below the Winnipeg city-wide average, which is typical for established central neighbourhoods. This indicates a potentially more accessible entry point into the market, though property taxes would also likely be lower relative to newer, higher-assessed suburbs.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key question for the listing agent to understand the finish quality, ceiling height, and whether it includes a legal suite or additional living space.
3. How does the older age (1912) affect the home?
While the home is well-maintained, its age means buyers should pay special attention to the condition of major systems like plumbing, electrical, and the foundation during an inspection. The character of an older home comes with a responsibility for proactive maintenance.
4. What is the neighbourhood like?
Inkster-Faraday is a long-established neighbourhood with homes primarily from the early-to-mid 20th century. The property’s metrics are very typical for the area, suggesting a consistent, stable streetscape without dramatic outliers in size or value.
5. Why is there a range for the last sold price?
The provided sold price is an estimate based on public data. To obtain the exact sale price from December 2022, you must request it directly from the website via email, as they manually verify this information from proprietary sources.