Property Summary: 758 Mountain Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on a 4,820 sqft lot presents a straightforward, entry-level opportunity in the Inkster-Faraday neighbourhood. Its key characteristic is its modest 720 sqft living area, which is notably compact compared to most city homes. The basement exists but is unrenovated, and the property includes a detached garage.
The appeal lies in its affordability and lot size. With a recent assessed value of $170k and past sale prices in a similar range, it stands as one of the more accessible priced detached homes in Winnipeg. The lot is larger than many in the immediate area, offering valuable outdoor space or future potential relative to its footprint. It suits a very specific buyer: a first-time purchaser, an investor, or a downsizer comfortable with a smaller, vintage home (built in 1944) who prioritizes land ownership and a lower financial entry point over modern finishes or spacious interiors. It’s a practical choice for those who see the value in the land and the structure’s shell, willing to handle updates over time.
Section 2: Frequently Asked Questions
1. Is the home in move-in condition?
The listing notes the basement is "not renovated," which suggests the home likely requires updates. Buyers should budget for modernizing essentials and anticipate the need for improvements to suit contemporary living standards.
2. How does the small living area affect livability?
At 720 sqft, the living space is significantly below the city average. This necessitates efficient use of space and would suit a minimalist lifestyle. The larger lot can partially offset this by providing valuable outdoor living area.
3. What is the neighbourhood like?
Inkster-Faraday is an established, older neighbourhood. The property's metrics show it is fairly typical for the area in terms of value and year built, suggesting it fits the local character of modest, vintage homes.
4. Are the recent sold prices reliable indicators of value?
The listed sold price ranges (e.g., $20.5k-$23.5k in 2022) appear to be anomalies or potentially clerical errors in the data source, as they are drastically lower than the $170k assessed value. Always verify exact sale history through official channels or a real estate professional.
5. What are the long-term considerations?
Built in 1944, prospective buyers should prioritize a thorough inspection for aging infrastructure (plumbing, electrical, foundation). The value proposition balances the cost of potential updates against the benefits of a lower purchase price and a larger-than-average lot for the neighbourhood.