Property Overview & Key Characteristics
This one-and-three-quarter storey home on Lansdowne Avenue is a classic Luxton neighbourhood property with strong foundational appeal. Built in 1907, it sits on a generous 2,999 sqft lot, which is notably larger than most in Winnipeg. The home itself offers 944 sqft of living space with a detached garage and an unrenovated basement. Its assessed value is stable and consistent with recent sale prices in the area.
The primary appeal lies in its land value, established neighbourhood character, and affordability. It ranks in the top third of the street for lot size and is in the top 11% for lot size city-wide, offering a rare amount of outdoor space for the area. The home suits first-time buyers looking for an entry point into the market, value-conscious investors, or handy homeowners who see potential in a property with a solid lot and good bones, willing to take on updates over time. A less obvious perspective is its appeal to those seeking a "blank slate" property; the unrenovated state and classic layout allow for customization without the need to undo recent, potentially subjective, renovations.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has full-height ceilings in the center of the home, with sloped ceilings or shorter walls under the eaves, creating cozy, character-filled bedrooms.
2. How significant is the lot size?
At nearly 3,000 sqft, the lot is a standout feature. It ranks larger than 89% of residential lots in Winnipeg, offering more private outdoor space, gardening potential, or room for additions (subject to zoning) than is typical for the price point.
3. What should I know about the unrenovated basement?
An unrenovated basement means the original foundation, plumbing, and electrical systems are likely exposed. While it requires finishing for living space, it also allows a buyer to inspect the home's core structure easily and plan any updates or moisture control measures from the start.
4. The home is over 100 years old. What are the implications?
You inherit character and sturdy construction, but systems like wiring, plumbing, and insulation may need evaluation and updating to modern standards. The recent stable sale price suggests it's been maintained as a livable home.
5. How does the assessed value compare to the market?
The 2023 sale price was very close to the current assessed value, indicating the assessment is aligned with recent market activity in the neighbourhood. This can provide a grounded starting point for understanding its value in the current market.