Property Overview & Key Characteristics
This two-storey home at 449 Pacific Avenue in Winnipeg's Centennial neighbourhood presents a practical opportunity. Built in 1986, it is notably newer than most homes on its street and in the wider area, suggesting potentially fewer major age-related concerns. The 1,120 sqft living space is comfortably sized for the locale, while the 3,825 sqft lot is generous for the neighbourhood, offering above-average outdoor space. A key feature is the renovated basement, adding functional living area. The home lacks a garage and pool, keeping maintenance simpler.
Its appeal lies in its balance of a newer build on a larger lot within an established community. It suits first-time buyers seeking a manageable entry into homeownership, or practical downsizers looking for a low-maintenance property without sacrificing yard space. The very low assessed value indicates this is a budget-conscious option, likely appealing to those prioritizing land and building condition over size or luxury finishes. A thoughtful perspective is that its newer construction relative to its peers could mean more modern wiring, plumbing, and insulation, offering hidden efficiency benefits not always found in character homes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The assessed value ($18.7k) is for municipal tax purposes and is not a market valuation. The sale price ($23.5k in 2021) reflects the actual market value at that time. In Winnipeg, assessed values typically lag behind and differ from current market prices.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, permits, and whether it includes legal secondary suites or simply finished living space.
3. How does the lack of a garage affect daily living?
This means all parking will be on-street or via a driveway if one exists (not specified). Buyers should consider winter parking bans, vehicle security, and storage for tools or seasonal items that would typically go in a garage.
4. The home is newer than neighbours, but what about the neighbourhood's overall age?
While the house is from 1986, Centennial is one of Winnipeg's oldest neighbourhoods, with many homes dating back to the early 1900s. This offers established tree canopies and character, but infrastructure like streets and mature trees may reflect the area's age.
5. Is the large lot a benefit for future expansion?
The lot size is well above average for the street. This could provide valuable outdoor space, garden potential, or room for future additions like a garage or deck, subject to local zoning and permit approvals.