Property Overview & Key Characteristics
This one-storey home on Talbot Avenue is a classic Winnipeg property built in 1907. Its primary appeal lies in its exceptionally low property taxes, as indicated by the $13,400 assessed value, which ranks in the top 3% of the city. The lot is a generous 3,082 sqft, offering ample outdoor space in a mature neighbourhood. The living area is a compact 649 sqft, suggesting a cozy, manageable footprint. The home has a basement, though it is noted as not renovated, and there is no garage.
This property would suit a first-time buyer, an investor, or someone looking to minimize their tax burden while taking on a project. It's a practical entry point into homeownership where the value is in the land and the potential, rather than in move-in-ready finishes. A thoughtful perspective is that its low assessment, while a financial benefit, likely reflects the need for updates, making it ideal for a buyer with renovation skills or vision. Its appeal is fundamentally about opportunity over immediate comfort.
Frequently Asked Questions
1. What does the assessed value tell me?
The $13,400 assessment is very low, which translates to significantly lower annual property taxes compared to most Winnipeg homes. This is a major financial advantage, though it often correlates with a home needing modernization.
2. How significant is the lot size?
At over 3,000 sqft, the lot is well above average for the area. This provides valuable outdoor space and future potential, whether for gardening, expansion, or simply having more privacy than newer, denser lots offer.
3. What should I expect with an "unrenovated" basement?
This typically means the basement is in original or utility condition. It likely has foundational and mechanical systems from a much earlier era. Budgeting for potential updates to plumbing, electrical, or moisture management should be a key part of your evaluation.
4. The home sold recently in 2021. What does that indicate?
The sale price of $12,100 in early 2021 suggests the property may have been in distressed condition or sold under unique circumstances. It’s a clear signal to investigate the property’s history and current state thoroughly.
5. Who is this property not well-suited for?
It is not ideal for buyers seeking a turn-key home, those who require ample indoor living space, or anyone needing garage parking. The appeal is squarely for those comfortable with a project or prioritizing low ongoing costs over immediate convenience.