Property Overview: 199 Leighton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Leighton Avenue presents a specific and practical value proposition. Its key characteristic is a notable imbalance between the house and the lot: the living space is compact at 808 sq ft, ranking below average for the area, but it sits on a generously sized lot of 6,469 sq ft, which is well above average for the street. Built in 1927, it’s a character home with a renovated basement and a detached garage.
The primary appeal lies in this land-to-structure ratio. It’s a classic "value in the land" scenario, suited for buyers with a clear vision. It would perfectly suit a first-time buyer or downsizer comfortable with a smaller, efficient footprint who desires ample outdoor space for gardens, pets, or future projects like a shed or workshop. Conversely, it’s a solid candidate for an investor or builder looking for a lot with an existing, rentable structure, given its recent sale history and below-average assessed value. The appeal is less about move-in-ready luxury and more about foundational value and potential, whether that’s for simple, affordable living or a longer-term strategic investment.
Section 2: Frequently Asked Questions
1. Is the house too small for modern living?
At 808 sq ft, the living area is modest. It would suit individuals, couples, or small families who prioritize efficient living and low maintenance over spacious rooms. The renovated basement adds functional space.
2. Why is the assessed value relatively low?
The assessed value reflects the property’s current state—a smaller, older home. The value is significantly underpinned by the large lot size, which may not be fully captured in the assessment but is a key asset.
3. What can I do with such a large lot?
Beyond a spacious yard, the lot offers future potential. Subject to zoning, possibilities could include extensive landscaping, adding a large deck or patio, or even future expansion. It provides a rarity in mature neighbourhoods: room to breathe and grow.
4. How does the age of the home (1927) affect it?
While the basement has been renovated, a home of this age may require attention to original components like windows, plumbing, or electrical systems. A thorough inspection is essential to understand the balance between character and necessary updates.
5. The recent sold price seems low. Is this accurate?
The provided price ranges are based on public data. For the exact sale price, you must request it directly via the provided email service. The listed ranges indicate active market activity and a competitive price point for the area.