Property Summary: 639 Herbert Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Talbot-Grey offers a practical blend of modern convenience and established neighbourhood character. Its key appeal lies in being a relatively new build (2015) within a mature area, which ranks in the top 13% for land size across Winnipeg. With 1,012 sqft of living space and a renovated basement, it provides functional, low-maintenance living. The detached garage and a lot size that is larger than most on its street add tangible utility and potential.
The home’s standout feature is its exceptional "newness" ranking—it is newer than 98% of homes in Talbot-Grey. This is a significant advantage for buyers seeking modern construction standards without sacrificing the lot size and tree-lined streets often found in older areas. It would suit first-time buyers, small families, or downsizers looking for a move-in-ready property with minimal immediate upkeep. The strong assessed value ranking also suggests it is viewed as a solid, above-average asset within its immediate community, appealing to those with an eye for long-term value retention in a changing neighbourhood.
Frequently Asked Questions
1. How does the 2015 build date impact ownership costs?
A newer home like this typically means more modern insulation, windows, and major systems (like HVAC and plumbing), which can lead to lower monthly utility costs and reduce the likelihood of major repairs in the short to medium term.
2. The assessed value seems low compared to the last sale price. Why?
The assessed value ($34,800) is for municipal tax purposes and is not an indicator of current market value. The last recorded sale was in 2016 for $250,000. Market value is determined by recent comparable sales, condition, and current demand.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the details. A prospective buyer should inquire about the scope of work, whether it includes a legal secondary suite, the quality of finishes, and if proper permits were obtained.
4. The home ranks highly for land size but average for living space. What does this mean?
It means you are acquiring a proportionally large lot (3,070 sqft) with a modestly sized house. This is often seen as a positive, offering more outdoor space for gardens, play, or entertaining, and potential for future expansion (subject to zoning bylaws).
5. How does this property compare to others on Herbert Avenue?
The data shows it is among the newest and most valuable assessed properties on the street. While living space is above average for the street, the lot size is not in the top tier. This suggests you’re getting a modern home on a good-sized lot, but not the largest estate on the block.