Property Summary: 42 Inman Avenue
Key Characteristics & Appeal
This 1929-built home on Inman Avenue in Varennes presents a practical and value-conscious opportunity. Its primary appeal lies in its efficient scale and lot size relative to its immediate area. At 746 sqft, the living space is modest and slightly below the neighborhood average, positioning it as an affordable entry point or a low-maintenance option. The assessed value of $255k is comfortably below both neighborhood and citywide averages, suggesting a lower property tax burden and room for investment.
A standout feature is the 5,120 sqft lot, which is above average for the street. This offers valuable outdoor space uncommon for homes at this price point, providing potential for gardening, expansion, or simple private enjoyment. The home suits first-time buyers seeking a foothold in the market without overextending, downsizers looking to reduce maintenance and costs, or investors interested in a property with a strong land-to-building ratio. Its character is one of straightforward potential rather than immediate luxury, appealing to those who see value in fundamentals.
Frequently Asked Questions
1. Is the smaller living area a concern?
While below the city average, the home's size is closer to the norm on its own street. This can mean lower utility costs and less upkeep, which is a trade-off some buyers actively seek for a simpler lifestyle.
2. How does the 1929 build year affect the property?
The home is older than most in Winnipeg, which typically suggests potential for older infrastructure (like plumbing or wiring) to be assessed. However, it also indicates a well-established, mature neighborhood and a home that has stood the test of time.
3. What does the "above average" lot size mean for me?
It means you're getting more land than most of your direct neighbors. This is a tangible asset that adds privacy, outdoor utility, and future potential that smaller lots simply cannot offer.
4. Why is the assessed value significantly lower than the city average?
The assessment reflects a combination of the home's smaller size, age, and location. It's a key indicator of the property's position in the market as an affordable option, which is often reflected in correspondingly lower property taxes.
5. Who is this neighborhood best for?
The data shows homes here are generally older, more modest in size, and more affordable than the wider city. This creates a community likely suited to practical, budget-minded homeowners rather than those seeking high-end finishes or the newest developments.