Property Overview: 631 Pacific Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home at 631 Pacific Avenue in Centennial presents a practical opportunity. Built in 1986, it is notably newer than most homes on its street and in the wider neighbourhood, suggesting potentially fewer concerns with aging infrastructure. The living space is a compact 1,008 sqft, which is standard for the street but smaller than the neighbourhood average, defining it as a efficient, low-maintenance footprint. A key feature is the renovated basement, adding functional space. The lot size is around average for the area, offering a manageable outdoor space without extensive upkeep.
Its primary appeal lies in its relative modernity within a historic context and its renovated condition, offering move-in readiness. The property suits first-time buyers seeking an affordable entry into the market, investors looking for a straightforward rental property, or downsizers who want a manageable home without the surprises of a century-old structure. A thoughtful perspective is that its "below average" size and citywide assessed value are not necessarily drawbacks but indicators of a lower-cost, responsible footprint—appealing for those prioritizing financial efficiency over square footage.
Section 2: Frequently Asked Questions
1. What does the assessed value mean for the likely sale price?
The home last sold for $22.1k in 2022, and its current assessed value is $17.5k. The sale price is typically a more accurate reflection of market value, while the assessed value is used for municipal tax purposes.
2. How does the age of this home compare to others nearby?
Built in 1986, this home is significantly newer. The average build year for comparable homes on Pacific Avenue is 1936, and in the Centennial neighbourhood it's 1926, making this property a more contemporary option in a historic area.
3. Is the lot size typical for the area?
Yes. The land area of 2,608 sqft is very close to the average for Pacific Avenue. It is smaller than the broader neighbourhood average, which is common for homes on this specific street.
4. What should I know about the living space?
At 1,008 sqft, the living area is standard for Pacific Avenue but is considered below average for the Centennial neighbourhood as a whole. This indicates a compact, efficient layout.
5. Are there any direct comparisons to nearby sold properties?
The listing references 631 Alexander Avenue (sold for $22.1k) as a "worth viewing" comparison. It is older (1893) but offers slightly more living space (1,200 sqft), highlighting how this property trades historic character for a newer build.