Property Overview
This is a compact, 834-square-foot property built in 1911, located at 14-734 Dorchester Avenue in Winnipeg’s McMillan neighbourhood. Its primary appeal lies in its position as an accessible entry point into the market, underscored by a very low municipal assessed value. The home last sold between $100,000 and $150,000 in 2023. It ranks significantly below average in both size and assessed value compared to its immediate street, neighbourhood, and the wider city, indicating it is one of the most modestly scaled and valued properties in its surrounds. This profile suggests a fit for first-time buyers, investors seeking a low-cost rental property, or those looking to minimize their property tax burden. Its age offers potential character but also implies a need for careful inspection regarding updates and maintenance. A thoughtful perspective is that this property represents a pure value play on location, allowing ownership in a central area where the land value may be the primary long-term asset, with the existing structure being a secondary consideration.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical homes?
The assessed value is among the lowest percentiles citywide, reflecting the property's smaller size, age, and likely its specific market position. Municipal assessments consider factors like living area, age, and recent sales, which for this compact, century-old home result in a low valuation.
2. What should I consider due to the home's age (built 1911)?
While older homes can have unique character, key considerations include the condition of major systems like wiring, plumbing, and the foundation. Potential buyers should budget for a thorough inspection and consider possible costs for updates or repairs that are common with houses of this vintage.
3. Who would this property suit best?
It is well-suited for a first-time buyer prioritizing entry into the market with lower upfront and ongoing tax costs, or for an investor looking for a modestly priced rental asset. It may also appeal to someone seeking a minimalist living space in a central location.
4. How does it compare to other properties on the street?
The data shows it ranks at the very bottom (62nd of 62) for both living area and assessed value on Dorchester Avenue. This means it is the smallest and has the lowest assessed value on its own street, with comparable homes on the street being significantly larger and higher in value on average.
5. How can I find out the exact past sale price?
The public data shows a sold price range. You can obtain the exact sale price by requesting it via email from the listing source, which provides this detail manually without using your email for unsolicited marketing.