Property Overview: 1065 Clarence Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a distinct value proposition centered on its generous lot. At just 728 sqft, the living space is notably compact, ranking well below averages for the street, neighborhood, and city. The appeal lies in the significant 8,386 sqft property it sits on, which ranks in the top 4% of the Maybank area and offers substantial outdoor space and potential. Built in 1964, the house is of a typical vintage for the area. The assessed value of $493k is high for the immediate street and neighborhood, indicating the premium is placed on the land itself rather than the current structure.
This property would best suit a specific buyer: someone with a vision for expansion or redevelopment who values a large, private yard in an established neighborhood. It's a strategic purchase for those willing to invest in a property for its underlying asset (the lot) rather than its current footprint. It may also appeal to minimalist buyers or downsizers who prioritize extensive outdoor space over interior square footage, provided they are comfortable with the premium assessment.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value reflects the property's entire package, with a significant premium attributed to its much larger-than-average lot size. The value is land-driven rather than based on the modest living space.
2. Is this a good candidate for a renovation or addition?
Given the large lot and smaller existing home, the property has clear potential for an expansion or significant renovation. The high assessment, however, means any project budget must carefully account for the already elevated property value.
3. How accurate are the living area comparisons?
The data shows the home's living area is consistently below the local averages. This is a reliable indicator that the interior space is compact and buyers should expect a cozy layout, not an expansive one.
4. Can I see the exact historical sale prices for this home?
The listing notes no sales history is displayed automatically. You must request exact figures via the provided email option, as the site does not include MLS sales records.
5. What does the "Elite" ranking for land area mean?
An "Elite" ranking means the property's lot size falls within the top 5% of all comparable properties in the Maybank neighborhood. It confirms the lot is a standout feature in the area.