Property Overview: 119 Cavell Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Bruce Park is defined by its historic character and its position as a value-oriented opportunity. Built in 1912, it is one of the older homes on its street, offering classic architectural charm. With 1,260 sqft of living space and a 3,993 sqft lot, its size is very typical for the immediate area. The home has a basement, but it is not renovated, and there is no garage or pool.
The primary appeal lies in its land value and potential. The property’s assessed value is notably below averages for the street, neighbourhood, and city, suggesting a lower entry point. This positions it well for buyers looking for a footprint in a established neighbourhood where value may be found in the lot itself or in the opportunity to customize. It would suit a practical buyer—perhaps a first-time homeowner comfortable with a project, an investor, or someone seeking a character home who views the unrenovated spaces as a blank canvas rather than a drawback. Its average-sized lot and living space mean daily life here would feel consistent with the surrounding community, not cramped or oversized.
Section 2: Frequently Asked Questions
1. What does the below-average assessed value indicate?
It primarily reflects the home’s age and condition (including an unrenovated basement) relative to other properties. It can mean a more affordable property tax burden and may indicate a price point that allows room for future improvements.
2. Is the older year built a concern?
A 1912 home requires a diligent inspection. While it offers charm, potential buyers should budget for and prioritize assessments of foundational, electrical, and plumbing systems common to homes of this era.
3. How does the lot size compare?
At just under 4,000 sqft, the lot is very typical for Cavell Drive and Bruce Park. It provides standard outdoor space but is not unusually large or small for the area.
4. The home sold recently in 2022. What does that mean?
The sale two years ago provides a very recent market price benchmark ( $30,400), which is valuable for comparison. The reasons for the current sale so soon after would be a key point of inquiry.
5. What are the practical implications of having no garage?
This means relying on street parking and requires planning for vehicle protection during Winnipeg winters. It also limits covered storage space, a factor for tools, bicycles, or seasonal items.