842 Mountain Avenue

Property Overview: 842 Mountain Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1926, sits on a 3,594 sqft lot in the Burrows Central neighbourhood. Its key features include a renovated basement and a detached garage. With 901 sqft of living space, the house itself is compact, prioritizing function over size.

The primary appeal lies in its land value and location context. The lot size is above average for Burrows Central, offering more outdoor space than many neighbouring properties. While the home's assessed value is modest citywide, it aligns with the averages for both its street and neighbourhood, presenting a grounded, entry-level opportunity. The renovated basement adds functional living space, a valuable update for a home of this era.

This property would suit a first-time buyer or an investor looking for a straightforward, lower-maintenance footprint in a well-established area. It’s a practical choice for someone who values a larger lot over a large house, and who is comfortable with a home that offers character and potential rather than modern size or finishes. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—it’s not an outlier in price or size, but a typical example that offers a realistic entry point into the Winnipeg market.

Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the scope, finish quality, or whether it includes a legal suite are not provided. This would be a key detail to clarify with the seller or agent.

2. How does the assessed value relate to the likely sale price?
The home was last sold in May 2022 for $19,500, and its current assessed value is $16,600. Market conditions, updates, and demand will determine the final sale price, but these figures suggest a value range anchored in the low tens of thousands.

3. Is the lot size a advantage?
Yes, particularly within Burrows Central. The lot is ranked in the top 30% for size in the neighbourhood, meaning it offers more yard space than most comparable local properties, which is a distinct benefit.

4. What should I consider about a home built in 1926?
While the basement has been updated, the core structure is 100 years old. Prospective buyers should budget for potential updates to major aging components like the roof, wiring, or plumbing, and consider an inspection a necessity.

5. How does this home compare to others on the street?
The data shows this home is very typical for Mountain Avenue. Its lot is slightly smaller than the street average, its living space is more compact, and its age and value are both around the middle of the pack for the street—it is a very representative property for the area.