Property Overview
50 Inman Avenue presents a practical home in Winnipeg's Varennes neighbourhood, defined by its balance of space, value, and vintage character. Built in 1945, it sits on a larger-than-average lot for its street, offering a good amount of outdoor space. The home itself, at 708 sqft, is cozier than most in the city, which is reflected in its below-average citywide assessment value of $281k. This creates a specific value proposition: you're acquiring a solidly-built post-war home on a good-sized piece of land, at an entry-point price for the market. Its appeal lies in this fundamental trade-off—less interior space for more exterior space and a lower financial barrier.
This property would suit a first-time buyer, an investor, or someone looking to downsize without giving up a yard. It’s for a buyer who sees potential in the land itself or is comfortable with a compact, efficient layout. A thoughtful perspective is that while the home ranks below average for size citywide, it is closer to the norm on its own street, meaning it fits the local streetscape and may not feel out of place. Its 1945 build date is newer than many on Inman Avenue, suggesting it could have had updates over time or more modern construction features for its era.
Frequently Asked Questions
1. Is this a small house?
Yes, at 708 sqft, the living area is below the Winnipeg average. However, it is closer to the average size for homes on Inman Avenue itself. The lot size of 5,120 sqft is above average for the street, meaning the property offers more outdoor space than many of its direct neighbours.
2. How does the assessed value compare?
The City's assessed value of $281,000 is around the average for Inman Avenue and the Varennes neighbourhood. It is notably below the average assessed value for the entire City of Winnipeg, indicating this is a more affordable option within the market.
3. What does the "Above Average" rank for year built mean?
Built in 1945, this home is newer than many on its street (where the average build year is 1933). This suggests it may be a relatively younger structure in the context of its immediate block, though it is still a character home from the post-war period.
4. Who would this property be best for?
It's well-suited for a budget-conscious first-time homebuyer, an investor looking for a rental property, or someone downsizing who values a larger yard over a large interior. It's less suitable for those needing significant indoor living space.
5. Where can I see how it compares to neighbouring properties?
A detailed neighbourhood analysis map is available, allowing you to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size. A link is provided to open this specific analysis.