Property Overview
This one-storey home at 231 Worthington Avenue in Winnipeg's Lavalee neighbourhood presents a specific and compelling value proposition. Its key appeal lies in the significant disconnect between its modest, 988 sqft living space and its exceptionally large, 11,143 sqft lot, which ranks in the top 4% citywide. The home itself is of average size for its immediate area but sits well below the city average. Built in 1953, it is typical for its street in age. The assessed value is notably below average across all comparison levels, suggesting a lower property tax burden relative to many other homes.
This property would suit a pragmatic buyer who prioritizes land over a large existing footprint. It's ideal for someone looking for a manageable, single-level home with tremendous outdoor space for gardening, recreation, or future expansion. It also appeals to value-conscious buyers comfortable with a home that may require updates, given its age and below-average assessment, seeing it as a foundation with rare lot potential in the city.
Frequently Asked Questions
What does the below-average assessed value mean for me?
A lower assessed value typically translates to lower municipal property taxes. This can make the home more affordable to hold annually, but it may also reflect the home's condition, size, or recent sale prices in the area.
Is the large lot usable, or are there restrictions?
While the lot size is a major asset, you should verify zoning bylaws with the city to understand what can be built (e.g., garage, addition, secondary suite) and if any portions are affected by easements or environmental protections.
How does the sold price history from 2020 relate to today's value?
The 2020 sale price is a historical data point. Current market value will be driven by today's market conditions, the property's state, and recent comparable sales. It serves as a reference, not a current appraisal.
The home is described as "around average" for the street in several metrics. Is that a good thing?
This indicates the property fits comfortably within its established neighbourhood context. You're not overpaying for an outlier in size or age, which can provide stability and make future valuations more predictable.
What are the practical implications of a detached garage?
A detached garage offers flexibility—it can be used for parking, storage, or as a workshop without impacting the home's living space. Consider the walk to the house in Winnipeg winters and whether the structure is in good condition or requires investment.