Property Summary: 46 Inman Avenue
Key Characteristics & Appeal
This 1927-built home on a 5,120 sqft lot presents a compelling value proposition within its established Varennes neighborhood. With 850 sqft of living space, the property is typical for its immediate street and area, but stands out for its financial assessment. Its $325,000 assessed value is notably above average for both Inman Avenue and the wider Varennes neighborhood, suggesting it is viewed favorably relative to its local peers, while being positioned around the citywide average.
The primary appeal lies in its strong local standing and generous lot size. The lot is larger than most on the street, offering valuable outdoor space or future potential in a mature area. It suits practical buyers looking for a character home in a settled community, who prioritize lot size and perceived value over sheer interior square footage. It’s a home for someone who values a neighborhood context over city-wide comparisons, appreciating that it outperforms many nearby properties in key metrics despite its older vintage.
Frequently Asked Questions
1. Is the living area small for Winnipeg?
Yes, at 850 sqft it is below the Winnipeg average. However, it is very much in line with the typical home size on Inman Avenue and within the Varennes neighborhood, reflecting the character of this established area.
2. Why is the assessed value above the neighborhood average?
A higher assessed value compared to local averages can be influenced by factors like the property's condition, improvements, and its larger-than-average lot size for the street. It indicates the municipality views this property as having a higher value than many surrounding homes.
3. What does the older construction year (1927) mean for me?
It places this home among the older properties on the street and in the city. This often means classic construction and neighborhood charm, but prospective buyers should be mindful of the potential for aging components (like plumbing, electrical, or the roof) and factor in a thorough inspection.
4. How useful are these comparative rankings?
They are most meaningful at the street and neighborhood level. They show this property is competitive and well-positioned within its immediate community, which is often more relevant for daily living and value retention than citywide comparisons.
5. The lot size is a highlight. What are the possibilities?
The larger lot provides more private outdoor space than many neighbors. This allows for gardening, recreation, or the potential for expansions like a shed or deck, subject to local zoning regulations. It’s a key asset in an older neighborhood where lot sizes can vary.