Property Overview: 711 Polson Avenue
Key Characteristics & Appeal
This is a compact, one-storey home built in 1943, situated on a standard-sized lot in the Inkster-Faraday neighbourhood. Its most defining characteristic is its size: at 440 square feet of living area, it is among the smallest homes in Winnipeg, significantly below local and city-wide averages. The property features a detached garage and a basement that is noted as being unrenovated.
The primary appeal lies in its ultra-affordable price point, as reflected by its low assessed value and recent sold price. This presents a rare entry point into homeownership or a minimal-commitment investment. It would suit a very specific buyer: someone seeking an extremely low-cost property for land value, as a foundational project to expand the existing structure, or for use as a basic shelter with minimal overhead. It is not suited for those needing standard family living space. A thoughtful perspective is that such a small, affordable parcel in a city could serve as a strategic foothold or a blank canvas for a custom, efficient tiny-home lifestyle, though any expansion would require careful investment relative to the neighbourhood.
Frequently Asked Questions
1. Why is the living space so much smaller than average?
Homes of this size and era were often built as modest, post-war dwellings. At 440 sqft, it functions as a basic cottage or cabin would, with likely one or two primary rooms.
2. What does "basement, not renovated" typically mean?
It indicates the basement exists but is in original or utilitarian condition. It may be unfinished concrete, used solely for storage/utilities, and not configured as livable space.
3. Who would this property be most suitable for?
It best suits an investor looking for a low-cost rental, a buyer intending to significantly renovate or expand, or someone with minimal space needs for whom affordability is the absolute priority.
4. The assessed value is very low compared to the city average. Why?
Assessed value is based largely on the property's current state and market value. The extremely small living area and unrenovated condition place its value primarily on the land itself, not the structure.
5. Is there potential to increase the living space?
Potentially, yes. The lot size is standard for the area, so there may be scope to build an addition or a second storey, subject to zoning bylaws, building codes, and a budget that makes sense for the neighbourhood.