Property Overview: 766 College Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1927, presents a practical opportunity in the Inkster-Faraday neighbourhood. Its key appeal lies in its straightforward, no-frills profile. With 1,204 square feet of living space, it offers a functional footprint that is above average for its immediate area. The home features a basement, though it is noted as not renovated, and does not include a garage or pool.
The property’s most notable characteristic is its assessed value, which is significantly below the Winnipeg city-wide average. This positions it as an accessible entry point into the market. The lot is compact at 2,278 square feet, which means lower maintenance but less private outdoor space. Its appeal is grounded in essentials: it provides solid, historic character and basic shelter at a very modest valuation. This home would suit a first-time buyer comfortable with a project, an investor looking for a low-cost rental property, or someone seeking the absolute minimum financial footprint for homeownership. Its value is in what it is—a basic, older home—rather than in any premium features.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement remains in its original or largely unfinished state. Buyers should anticipate a space that is functional for storage or utilities but will likely require investment to become a modern living area, and should budget for potential updates to insulation, flooring, or moisture control.
2. How does the very low assessed value affect property taxes?
A lower assessed value generally results in lower municipal property taxes, which is a ongoing financial benefit. However, it’s important to confirm the exact tax amount, as it can also reflect the property’s condition and the level of municipal services.
3. Is the lack of a garage a major concern?
This depends on lifestyle and street parking availability. The compact lot size means adding a garage later would be very difficult or impossible. This setup suits those who rely less on a vehicle or who are comfortable with on-street parking.
4. What should I consider with a home built in 1927?
While the structure has proven its durability, key systems like plumbing, electrical, and the roof may be older or have been updated piecemeal. A thorough inspection is essential to understand the condition and to plan for potential upgrades to meet modern standards.
5. The sold price history shows a range. Why isn't the exact price listed?
Exact sale prices are not always publicly disclosed in Manitoba. The provided range is based on available data, and the listing service offers to provide the precise figure upon request to ensure accuracy for serious buyers.