Property Overview: 1-2859 Ness Avenue
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of value and location within Winnipeg’s Booth neighbourhood. Its primary appeal lies in its exceptionally strong positional rankings: it sits in the top 1% of properties on its street and the top 0% within both its neighbourhood and the entire city for area, indicating a highly desirable setting. The 920 sqft living space is above average for the immediate area, offering more room than most comparable homes on the street.
A key feature is the renovated basement, adding functional living space. The home suits practical buyers looking for a well-situated property without a premium price tag reflected in its current assessed value. It’s an ideal match for first-time homeowners, downsizers, or investors who prioritize location over newer construction or certain amenities like a garage. A thoughtful perspective: its strong locational scores suggest future resilience, while the modest assessed value compared to its last sale price may indicate an opportunity for value recognition in a sought-after pocket of the city.
Section 2: Frequently Asked Questions
1. What do the "top percentage" rankings actually mean?
These rankings compare this specific property against all others on the same street, in the neighbourhood, and in Winnipeg for metrics like lot size. For example, being in the "top 1%" on its street for area means its lot size is larger than 99% of other properties on Ness Avenue.
2. The home sold for $170k in 2019, but is now assessed at $22.80k. Why the large discrepancy?
The $22.80k figure is the assessed value for municipal tax purposes, not an estimated market value. Market value is typically much higher. The 2019 sale price is a better indicator of its actual market worth.
3. Are there any obvious concerns with the property?
The data shows the home is older (built in 1969) and lacks a garage. Its living area rank is strong on its street but lower city-wide, and it last sold in the bottom tier of all Winnipeg sales at that time, which may warrant further investigation into the condition or specific market conditions of that sale.
4. What does the list of "Nearby Properties" with the same address indicate?
This strongly suggests the property is part of a multi-unit building or a subdivided complex (like townhouses or condominiums) at 2859 Ness Avenue, sharing the main address with other units.
5. Who is responsible for exterior maintenance and grounds?
Given the indication of a multi-unit structure, this is a critical question. Buyers should clarify if the property is a condominium (with a condo fee covering exterior maintenance) or a freehold title with shared responsibilities, as this significantly impacts costs and upkeep duties.