Property Overview: 1146 Clarence Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its practicality and value. Its key characteristic is a modest 780 sqft living space, which is notably compact compared to most homes in the area and city. This is balanced by a near-average lot size of just under 6,000 sqft for the street, offering valuable outdoor space. The 1952 build date places it among the older homes on the block.
The appeal lies in its affordability and efficiency. With an assessed value consistently around the average mark for its neighbourhood and city, it presents a lower financial barrier to entry into the Winnipeg market. This isn't a home for sprawling, but for streamlined living. It would suit first-time buyers or investors seeking a manageable property with a classic footprint, or downsizers looking to reduce both space and property taxes. The generous lot provides a less obvious opportunity: room for expansion, a large garden, or future outdoor living space that the interior footprint doesn't offer.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 780 sqft, it is significantly smaller than the average area home. It requires efficient use of space and would not comfortably suit a large or growing family. Its layout and number of bedrooms will be crucial factors.
2. What does the "around average" assessed value mean for taxes?
The assessed value is typical for the area, suggesting your property taxes will be in line with local norms rather than being unusually high or low. It’s a stable, predictable baseline.
3. The home was built in 1952. What should I be aware of?
As one of the older homes on the street, a thorough inspection for aging infrastructure (like plumbing, electrical, and the foundation) is essential. This vintage also often comes with solid construction and simpler layouts.
4. How does the recent sale price compare to the assessed value?
The home sold for an estimated $350k-$400k in 2024, which is substantially higher than its ~$34k assessed value. This is normal, as assessed value is for municipal taxation and doesn't reflect market value. The sale price indicates what buyers were recently willing to pay.
5. The lot is relatively large for the home's size. Is that an advantage?
Yes. The lot is a standout feature, offering potential not found in the interior. It provides privacy, space for recreation, gardening, or even future additions like a shed, deck, or garage, adding flexibility and value.