Property Overview: 609 Pacific Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1893, presents a distinct opportunity in Winnipeg's Centennial neighbourhood. Its primary appeal lies in its generous 1,436 sqft of living space, which is notably larger than most similar homes on its street. The property sits on a 2,613 sqft lot, offering a manageable outdoor space in an urban setting. Key features include a basement (unrenovated) and the absence of a garage or pool.
The property suits specific buyer profiles. It is ideal for an investor or handy homeowner looking for a character home with solid interior space, who is prepared to take on a project. The very low assessed and recent sale values indicate a value-priced entry point into the market, which could appeal to those more budget-conscious or interested in value-add potential. A less obvious perspective is its appeal to buyers who prioritize interior square footage over lot size or modern amenities, seeing the historic structure as a canvas. It may also attract interest from those studying neighbourhood renewal, given its vintage and the mix of assessed values on the street.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Living Area mean?
This means the home's interior square footage is in the top 5% compared to similar properties on Pacific Avenue. You are getting significantly more indoor space than is typical for houses on this street.
2. Why is the Year Built considered "below average"?
Built in 1893, this home is much older than most in the city. This ranking reflects that, not the home's condition. It indicates a character property that will likely require attention to historical maintenance points like wiring, plumbing, or insulation.
3. How should I interpret the low Assessed and Sale Values?
The values are significantly below the Winnipeg city average. This typically reflects the home's age, condition, and the market dynamics of its specific area. It represents a lower financial barrier to entry but warrants a thorough inspection to understand the full cost of ownership.
4. What is the practical impact of having no garage?
Residents will rely on street parking. It's important to check the specific parking regulations on Pacific Avenue with the city to understand any potential restrictions or permit requirements.
5. The lot size is "around average" for the street but "below average" for the city. What does this mean for me?
Your yard space will be consistent with your immediate neighbours on Pacific Avenue, fostering a similar streetscape. However, compared to many Winnipeg neighbourhoods developed later with larger lots, your outdoor private space will be more compact and urban in feel.