Property Overview
This home at 5-2871 Ness Avenue presents a compelling opportunity in Winnipeg's Booth neighbourhood. Its key appeal lies in a combination of location, value, and a move-in-ready condition highlighted by a renovated basement. The 1,216 sqft property, built in 1968, sits on a street that ranks exceptionally high compared to others in Winnipeg, suggesting a desirable and established setting. While it does not include a garage or pool, the focus is on solid fundamentals and livability.
The home would suit first-time buyers seeking an entry point into a top-ranked street without a premium price tag, or practical downsizers looking for a manageable space with modern updates already completed. It also appeals to value-oriented investors or buyers who prioritize location statistics over extra features, as the data indicates the property holds its value well in recent sales comparisons within a highly regarded immediate area.
Frequently Asked Questions
Q: What does the "top 1% in same street" ranking actually mean?
A: This statistic indicates that this specific property's location on Ness Avenue is rated more highly than 99% of other addresses on the same street, based on the platform's internal metrics. It suggests this particular segment of the street is considered among the most desirable.
Q: The assessed value seems low at $21.10k. Is that accurate?
A: Yes, but note that this is the assessed value for taxation purposes, not the market value. The home sold for $22.5k in July 2023, which is closer to its actual market price at that time. This is a common discrepancy in the area.
Q: There are several properties with the same 2871 Ness Avenue address. What is this?
A: This indicates a multi-unit building or a subdivided property (like a condominium or townhouse complex). "5-2871" designates Unit #5 within that shared address building.
Q: How significant is the renovated basement?
A: In a practical home of this era and size, a renovated basement directly adds functional living space without the need for immediate investment. It’s a key feature that enhances daily utility rather than just cosmetic appeal.
Q: The rankings for year built and living area are mid-range, but value rankings are high. Why?
A: This highlights that the property's appeal and perceived value are driven more by its location and lot context than by the size or newness of the structure itself. It’s a home where the setting is a primary asset.