Property Summary: 4411 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, century-old one-storey home in the Marlton area, built in 1918. Its primary appeal lies in its substantial, nearly 9,300 sqft lot, which is significantly larger than most Winnipeg properties and offers immense potential for gardening, expansion, or future development. The house itself is modest at 690 sqft of living space with an unfinished basement, presenting it as a true fixer-upper or a blank canvas.
The property would best suit a specific type of buyer: a hands-on renovator looking for a character home with a huge yard, an investor interested in the long-term land value, or someone seeking an entry point into homeownership with the understanding that the value is primarily in the land, not the current structure. Its strong city-wide ranking for lot size (top 8%) is a key asset, contrasting with its age and smaller living area. This is a property for vision, not for move-in-ready convenience.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Marlton, and across all of Winnipeg. Key takeaways: its lot size is a major advantage city-wide, but the home itself is older and smaller than most. This highlights the property's profile as land with a house, rather than a house with land.
2. Is the unfinished basement a drawback?
It depends on your goals. It adds no finished living space to the current assessment, but it provides essential storage, mechanical space, and future potential to add square footage or create a suite, subject to permits and renovations.
3. The house is over 100 years old. What should I be concerned about?
Prospective buyers must budget for and investigate age-related systems. This includes the roof, foundation, plumbing, wiring, and insulation. A thorough pre-purchase inspection is non-negotiable to understand the true scope of needed updates.
4. How does the 2016 sale price compare to today's assessment?
The 2016 sale at $190,000 is below the current $221,000 assessed value. This indicates the market and city assessment have recognized increased value, likely driven by the enduring worth of the large lot and general market movement over eight years.
5. What is the potential here beyond just renovating the existing house?
The most significant, less obvious opportunity is the lot itself. The large parcel could potentially allow for an addition, a garage/workshop, or even future subdivision (subject to stringent city zoning and approval processes). The value is as much in what could be built as in what currently stands.