Property Overview: 902 Clifton Street, Winnipeg
Key Characteristics & Appeal
This property is a compact, early 20th-century home built in 1912, situated on a standard city lot in the Minto neighbourhood. Its primary characteristic is its modest scale: with 690 square feet of living space, it is notably smaller than most comparable homes on its street, in the area, and across Winnipeg. The assessed value is significantly below average for the city, reflecting its size and vintage.
The appeal lies in its position as an accessible entry point into the Winnipeg housing market. It represents a lower barrier to entry in terms of both purchase price and ongoing property taxes, given its low assessment. The lot, while smaller than many city-wide, provides outdoor space typical for the immediate neighbourhood. Its age suggests potential for character, though it also implies a need for updates and diligent maintenance.
This home would best suit a first-time buyer, an investor looking for a rental property, or someone seeking to downsize and minimize expenses. It’s a practical choice for those who prioritize location and affordability over square footage, and who are prepared for the upkeep of a 114-year-old structure. A less obvious perspective is that its below-average metrics across the board could represent a relative value in its immediate area, where it is closer to the local norm, making it a pragmatic choice within the context of its own community.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on factors like the home's smaller size, older age, and the valuation of the Minto area relative to the entire city. It indicates a more affordable tax burden but is not a direct market price.
2. What should I consider due to the home's age?
A home built in 1912 will likely require careful attention to foundational, electrical, and plumbing systems. A thorough inspection is essential to understand the condition and potential costs for updates or repairs.
3. How does the living area compare to nearby homes?
At 690 sqft, the living space is compact. It ranks in the smaller portion of homes on Clifton Street and in Minto, meaning most neighbours' homes are larger. This is ideal for minimal living but may feel constrained for some.
4. Can I get the exact historical sale price?
The listed sale price is a public data range. The exact sale price from 2017 is available by request from the site, which provides it manually via email without marketing spam.
5. Is the lot size sufficient for additions or redevelopment?
The 2,322 sqft lot is standard for the street but smaller than the Winnipeg average. Any expansion or redevelopment would need to comply with local zoning bylaws and might be more limited than on a larger parcel.