695 Sara Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1906 home offers 2,404 square feet of living space on a 2,876-square-foot lot, with an assessed value of $345,000. Its standout feature is the living area: it ranks in the top 4% citywide, well above the typical Winnipeg home. The land, however, is below average for the neighborhood and city—worth noting if outdoor space or yard size is a priority.
The house sits on Sara Avenue in West Broadway, where it’s the larger of just two comparable homes on the street. Its assessed value is above the street and neighborhood averages, but only mid-range citywide. That suggests the value is driven more by the house itself than by the property’s land or location premium.
Appeal: This property suits a buyer who values indoor square footage over lot size. The generous living area is rare for the price point, making it a practical choice for someone who needs space inside—whether for a family, home office setup, or rental potential—and is willing to compromise on yard or garage space. The older construction (1906) also appeals to buyers who appreciate character homes and are prepared for the maintenance that comes with age.
Five Possible FAQs
1. How does the living area compare to typical homes in Winnipeg?
It’s in the top 4% citywide. The average comparable home in Winnipeg has 1,342 square feet, so this house is nearly double that. Even within West Broadway, it’s above average.
2. Why is the assessed value lower than the citywide average if the house is so large?
The citywide average ($390,100) includes many newer or larger-lot homes in more expensive areas. This property’s value reflects the older age, smaller lot, and West Broadway location, which tends to be more affordable than newer suburbs.
3. How old is the house, and what does that mean practically?
Built in 1906, which is older than 98% of homes citywide. Buyers should expect older electrical, plumbing, and insulation. It may also have historic details (e.g., high ceilings, trim) that require specialized maintenance.
4. Is the lot size unusual for the area?
Yes—it’s smaller than 91% of neighborhood properties. The average lot in West Broadway is close to 4,000 square feet. If you want a big backyard or room for expansion, this may not be ideal.
5. How does this property fit for an investor or first-time buyer?
First-time buyers might appreciate the lower price point relative to square footage, but should factor in older home upkeep. Investors might see potential in a larger house on a modest lot in an up-and-coming area, but rental demand and renovation costs would need a closer look.