Property Overview: 2824 Ness Avenue
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1965 on a generous 4,781 sqft lot in Winnipeg's Booth neighbourhood. Its primary appeal lies in a combination of space, recent updates, and strong value positioning within its immediate area. The 1,325 sqft living area is notably spacious for the street, ranking in the top 11%. A key feature is the renovated basement, adding functional living space. While the home lacks a garage, the lot size is a significant asset, offering ample outdoor potential.
The property suits first-time buyers or downsizers seeking a manageable single-level layout with modernized fundamentals. It also appeals to value-conscious buyers looking for a home with "good bones" on a large lot, where the land itself represents long-term value and the renovated basement provides immediate utility. The data suggests a balanced proposition: it's not the newest on the block, but it offers more interior space than most neighbours and sits on a lot that's larger than 86% of those on the street. Its assessed value aligns with the last sale price from 2022, indicating stable market recognition.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentile rankings compare this property to others on its street, in the neighbourhood, and across Winnipeg. For example, its lot size is in the "Top 14% on the same street," meaning 86% of lots on Ness Avenue are smaller. This helps quantify its relative strengths.
2. Is the lack of a garage a major drawback?
It depends on buyer needs. While off-street parking or a garage would be an added convenience, the very large lot presents a potential opportunity to add a parking pad or future structure, subject to city bylaws.
3. The home was last sold in July 2022. Why is it back on the market?
This isn't uncommon. Life circumstances like job relocation, family changes, or a found opportunity can prompt a sale after a short period. It's always a good idea for your agent to inquire about the seller's motivation.
4. How does the assessed value compare to the likely listing price?
The assessed value of $260k is for municipal tax purposes and often differs from market value. Notably, the last sold price in 2022 was $26.5k above this assessment, suggesting the market has recently valued it higher. A current market evaluation is essential.
5. What is the neighbourhood like?
The Booth area offers established communities with mature amenities. The high percentile rankings for lot and living space within the neighbourhood suggest this property is among the more substantial offerings in the area, potentially offering more privacy and room than typical.