Property Overview: 1143 Clarence Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its exceptional lot size. At over 13,000 square feet, the property boasts one of the largest parcels in the Maybank neighbourhood and ranks in the top tier city-wide for land area. This is its defining feature, offering significant potential for gardening, expansion, or simply enjoying ample private outdoor space. The house itself is a 918 sqft character home built in 1920, with a below-average assessed value. This combination suggests a property where the land value is a primary driver.
Its appeal lies in opportunity. It suits a buyer looking for a substantial plot in the city, potentially a hands-on homeowner comfortable with the upkeep and potential updates of a century-old house. It’s a canvas for renovation or addition, where the investment goes into both the home and the rare lot size. It may also appeal to a value-conscious buyer prioritizing land over a large or modern interior footprint. The recent sale history indicates a property that trades based on its unique land characteristics rather than its dwelling metrics.
Section 2: Frequently Asked Questions
1. What does the "below average" ranking for Year Built and Living Area mean in practice?
It confirms the home is older and more compact than most in its comparison groups. Buyers should budget for the maintenance and potential updates typical of a 106-year-old house and expect cozy, efficient living spaces rather than expansive rooms.
2. Why is the Assessed Value relatively low compared to the city average?
Municipal assessments often reflect the current state and size of the dwelling. The lower assessment here is likely tied to the age and modest living area of the home itself, not necessarily the market value of the large lot, which would be realized upon sale.
3. What are the implications of such a large lot?
Beyond space, it means higher property taxes than a typical lot, and greater responsibility for maintenance (lawn care, snow clearing). It also may come with specific zoning regulations regarding setbacks, outbuildings, or potential subdivision, which should be investigated.
4. Who were the comparable nearby properties listed?
The provided examples, like 1116 Clarence Avenue and 407 Hudson Street, are useful for gauging neighbourhood assessed values but differ significantly in lot size. A true "comp" for this property’s value would need to account for its exceptional land parcel.
5. How can I get the exact historical sold price?
As noted, exact sale prices are not publicly posted in detail. The listing service offers to provide the accurate sold price directly via email upon request, which is a standard practice for accessing this non-public data in Manitoba.