454 Logan Avenue

Property Overview

This one-and-three-quarter storey home at 454 Logan Avenue in Winnipeg's Centennial neighbourhood presents a distinct blend of historical character and practical space. Built in 1882, it is notably older than most area homes, offering authentic period charm. Its primary appeal lies in its generous 1,556 sqft of living area, which ranks well above average for both the street and the neighbourhood, providing more interior room than many comparable properties. The home sits on a modest 2,611 sqft lot and features a renovated basement. Its most recent sale was in May 2021 for $130,000, with a current assessed value of $15,400.

This property would suit a buyer looking for a character home with ample interior space at an accessible price point, who is less concerned with a large yard or a modern build date. It's a practical option for those valuing square footage over land size, and who appreciate the narrative of a well-maintained, historic home. A thoughtful perspective is that its above-average living area in a modestly assessed package could represent efficiency for someone needing room to grow or work from home without a premium lot price.

Frequently Asked Questions

Is a home from 1882 a major concern?
While exceptionally old, the age itself isn't automatically a drawback. The key factors are the quality of ongoing maintenance and updates, particularly to essential systems like wiring, plumbing, and insulation. A thorough inspection is non-negotiable to understand the home's true condition.

The assessed value is much lower than the 2021 sale price. Why?
Municipal assessed value for tax purposes is not the same as market value. It is a mass appraisal based on historical data and may lag behind current market trends. The sale price from 2021 is a stronger indicator of its recent market value, though current conditions should be evaluated.

What does "one-and-three-quarter storey" mean?
This is a common architectural style where the second floor has slightly less full headroom than the main floor, often with dormer windows. It typically provides more space and character than a bungalow but with a different layout than a full two-storey home.

The lot size is below average. Is that a problem?
It depends on your priorities. The smaller lot means less exterior maintenance but also less private outdoor space. The trade-off is that the home itself offers more interior space than is typical for the area, which could be a favourable swap for many buyers.

Who is responsible for verifying the "renovated basement" claim?
The listing states the basement is renovated, but the scope and quality of that work should be verified. A buyer should look for permits, assess the finishes, and check for any lingering moisture or foundation issues during the viewing and inspection process.