Property Overview: 221 Worthington Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Lavalee is a practical property that stands out for its generous, above-average lot size. Built in 1978, it is notably newer than many homes in the immediate area. The house itself offers 1,136 sqft of living space with a renovated basement and a detached garage, positioning it as a comfortable, move-in-ready family home. Its assessed value is firmly in the middle range for the neighborhood, suggesting a fair market entry point.
The primary appeal lies in its space and land. The lot of over 10,500 sqft is not only large for the street and neighborhood but ranks in the top 5% citywide for size. This offers significant outdoor potential for gardening, recreation, or future expansion. The home’s newer vintage compared to neighbors may also mean fewer immediate concerns with aging infrastructure.
This property would suit first-time buyers or growing families looking for a solid home with room to breathe in a well-established area. It’s for buyers who value a substantial yard over a brand-new build and appreciate a home that is competitively sized and priced within its community.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value of $300k is around the average for both Worthington Avenue and the broader Lavalee neighborhood, indicating it is priced consistently with local norms. Citywide, this value is below average, which can represent a relative value for the amount of land and living space offered.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Prospective buyers should inquire about the finishes, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
3. Is the large lot a common feature here?
Yes, but this lot is particularly sizable. It is above average for Lavalee and significantly larger than the typical Winnipeg lot. This is one of the property's defining assets.
4. The home sold in late 2016 for a much lower price. Does that affect its current value?
The sold price from 2016 reflects the market conditions of nearly a decade ago and does not directly determine current value. The assessed value and recent comparable sales are more relevant indicators for today’s market.
5. What are the potential trade-offs with a 1978-built home?
While newer than many area homes, a 1978 build may still have original components—like roofing, windows, or major mechanical systems (furnace, electrical)—that are nearing or at the end of their typical lifespan. A thorough inspection is advised to gauge the condition and timing of any future updates.