958 Mountain Avenue

Property Overview: 958 Mountain Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1945, presents a unique opportunity centered on its generous 6,388 sqft lot, which places it in the top 5% for land size on its street. The property features a detached garage and a renovated basement. Its primary appeal lies in the significant potential of its large, above-average lot in the Burrows Central neighbourhood, offering space for expansion, gardening, or outdoor projects that are rare for the area. While the living space (624 sqft) is compact, the renovated basement adds functional square footage.

This home would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes land size and future potential over immediate living space. It’s also a strong match for a hands-on buyer looking to gradually renovate and expand, leveraging the solid foundation and desirable lot size. The assessed value is notably above average for the immediate area, suggesting the property is already recognized for its underlying value relative to its neighbours.

Frequently Asked Questions

1. Is the house too small for a family?
The main living area is compact at 624 sqft. However, the renovated basement provides additional flexible space. The large lot also offers room for a future addition, making it a viable "foot-in-the-door" property for a family with longer-term plans.

2. Why is the assessed value higher than many nearby homes?
The assessed value of $220k is above the neighbourhood average, likely reflecting the premium value of the very large lot and the renovations done to the basement, as assessments consider both land value and property improvements.

3. What does the sale history indicate?
The property last sold in July 2017 for $21,500. This historical price is not reflective of current value but indicates a likely significant renovation or change in condition since that time, given the current assessment.

4. How does the lot size compare to an average city lot?
At 6,388 sqft, this lot is larger than the Winnipeg city average (~6,570 sqft is typical) and significantly larger than the Burrows Central average (~3,491 sqft). It offers suburban-like space within the city.

5. What is the significance of the "Elite" ranking for land area?
The "Elite" (top 5%) ranking for land area on Mountain Avenue means this property has one of the largest plots on its street. This is a key differentiator, offering privacy and potential not found in most nearby properties.