Property Overview: 19 Downs Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This two-storey home on a 3,300 sqft lot in Buchanan presents a practical and value-conscious opportunity. Built in 1970, its key characteristic is a recently renovated basement, adding modern utility to a well-located structure. The living space of 1,106 sqft is notably above average for its immediate street, offering more room than many direct neighbors. Its appeal lies in its positioning as an efficient, lower-maintenance property within a mature neighborhood, underscored by a recent sale price that sits well below both the city and broader area averages. The lot size, while smaller than typical for Winnipeg, is standard for the street, suggesting a manageable yard.
This home would suit first-time buyers seeking an entry point into homeownership without a major renovation project, or investors looking for a straightforward rental property with recent updates. It also appeals to downsizers or those wanting a simpler footprint who value the character of an established area over a large plot of land. A thoughtful perspective is that the below-average assessed value and sale price, relative to the neighborhood and city, indicate a property that may offer financial breathing room for future updates or simply a more affordable carrying cost.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the scope, quality, and permits should be verified by a buyer's inspection and through direct inquiry with the seller.
2. With no garage, what are the parking options?
The property has no garage. Buyers should investigate on-street parking regulations, the potential to add a driveway or parking pad, and typical availability on Downs Avenue.
3. How does the recent sale price compare to the past?
The home sold for $33.1k in August 2024, a significant decrease from its $250k sale in August 2019. This drastic change warrants understanding the circumstances of the recent sale, which may include condition, market factors, or sale type (e.g., estate, distressed).
4. Is the land size a limitation?
At 3,300 sqft, the lot is smaller than the Winnipeg average but typical for Downs Avenue. It provides a manageable outdoor space but may limit expansion possibilities like a large addition or pool.
5. How does this home rank for value in the area?
The assessed value is below average for both the Buchanan neighborhood and Winnipeg overall. This can signal a relatively lower property tax burden but is also a reflection of the home's market position compared to area norms.