Property Overview: 2890 Ness Avenue
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1965, situated on a notably large lot of nearly 5,000 square feet in Winnipeg's Booth neighbourhood. Its primary appeal lies in a combination of space, recent updates, and solid value positioning. The home itself is above average in size for its immediate street and features a renovated basement, adding functional living space. While it does not have a garage or pool, the generous land area offers significant potential for gardening, expansion, or outdoor enjoyment.
The property’s data suggests it is a strong, steady performer within its local context. It ranks highly for lot size and recent sale price within its neighbourhood, indicating it is perceived as a desirable asset on its street. It would particularly suit first-time buyers, downsizers, or value-oriented investors looking for a move-in-ready home with a large yard in a stable area. The appeal is grounded in practicality and the opportunity to own a property that outperforms many of its neighbours on key metrics like land size and assessed value, without a premium price tag.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in the Booth neighbourhood, and across Winnipeg. For example, its lot size is in the top 12% on Ness Avenue, meaning it's larger than 88% of its direct neighbours. This provides context beyond raw numbers.
2. The home was built in 1965. What should I consider?
While the basement has been renovated, a home of this age will have core systems (like plumbing, electrical, and the roof) that are likely original or nearing their lifespan. A thorough inspection is advised to budget for potential updates.
3. There's no garage. What are the options?
The large lot size is a key asset here, as it provides ample space to potentially add a detached garage or carport in the future, subject to local zoning and permit regulations.
4. How does the assessed value compare to the last sale price?
The assessed value is significantly lower than the 2022 sale price of $230,000. This is common, as municipal assessments for tax purposes often lag behind market values. The sale price is a more current indicator of its market worth.
5. What is the neighbourhood like based on this data?
The data indicates a mature, established area where properties vary. This home ranks highly within Booth for value and lot size, suggesting it is one of the more substantial properties in the vicinity, which can be a positive for long-term value.