Property Overview & Key Characteristics
This 1947 one-storey home on Anderson Avenue in Winnipeg's St. John's neighbourhood presents a practical opportunity. Its key appeal lies in a combination of a renovated basement, a detached garage, and a land size that is above average for both the street and the wider city. With 918 sqft of living space, the home is compact, suggesting easier maintenance and lower utility costs.
The property’s data reveals some less obvious strengths. It ranks highly for its newer build year relative to most homes on the street and in the historic neighbourhood, which can imply more modern construction materials or systems. The assessed value is also in a higher percentile city-wide, indicating that the property is considered favorably in formal valuations compared to many others. This home would suit first-time buyers, downsizers, or practical investors looking for a solid, no-frills property with some updated elements and a good lot size in an established area.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a home of this era typically means it has been finished into a livable space, possibly including insulation, drywall, flooring, and basic amenities, adding valuable functional space to the 918 sqft main floor.
2. How does the lot size compare practically?
At 4,360 sqft, the lot is larger than over half the properties on Anderson Avenue and is in the top third city-wide. This offers more outdoor space than many inner-city properties, providing room for gardening, recreation, or future expansion like a shed or deck.
3. The living area seems smaller than some neighbours. Is it a concern?
The living area is below average for the immediate area. This makes the home more efficient and cost-effective to heat and maintain, but buyers should ensure the layout and the renovated basement provide enough total space for their needs.
4. What is the significance of the assessed value rankings?
The assessed value is higher than 84% of Winnipeg properties, which is notable for a modest home. This can indicate that assessors see inherent value in the lot, location, or improvements, but it's not a direct market price—it's used for calculating property taxes.
5. The home is older. What should I check?
Built in 1947, major systems like wiring, plumbing, and the foundation should be inspected. However, its newer rank relative to most neighbourhood homes (top 10%) suggests it may have had fewer decades of wear or more updates than many surrounding heritage properties.