795 Wellington Avenue

Property Overview: 795 Wellington Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home in the Daniel McIntyre neighbourhood, built in 1947. With 780 sqft of living space and a renovated basement, it offers efficient, low-maintenance living. The lot is a manageable 3,698 sqft and includes a detached garage. Its most defining characteristic is its exceptionally low municipal assessed value ($18,600), which places it among the most affordable properties in the city. This creates a unique entry point into the Winnipeg market.

The appeal lies in its potential as a straightforward investment or a practical first home. It suits buyers seeking minimal property tax liability, investors looking for a rental property with a very low cost basis, or individuals who prioritize location and utility over square footage. A thoughtful perspective is that, while small compared to its immediate street, the home's lot size is actually above average for the dense Daniel McIntyre area, offering a relative sense of space in an inner-city neighbourhood. It represents a "value-play" in a mature community, ideal for those who see a home primarily as a functional asset rather than a status symbol.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than typical sale prices in the area?
Municipal assessments for tax purposes are not the same as market value. A very low assessment often reflects the home's modest size, age, and basic condition compared to larger, renovated properties. It typically results in significantly lower annual property taxes.

2. What does "below average" for living area on Wellington Avenue mean?
The data shows this home is among the smallest on its specific street, where comparable homes average over 2,500 sqft. However, within the broader Daniel McIntyre neighbourhood, its size is much more typical, being closer to the area average.

3. Who would this property not be suitable for?
It would not suit buyers needing multiple bedrooms, ample storage, or generous living spaces. Those looking for a modern, turn-key home or for a property with significant appreciation potential based on its structure may find it too limited.

4. Is the renovated basement included in the 780 sqft living area?
No, the 780 sqft refers to the above-ground living area. The renovated basement is additional space, which can provide crucial extra room for utilities, storage, or recreational use.

5. How should I interpret the recent sale price of $25,100?
This recent sale indicates the home's market value is low, consistent with its assessment. It underscores the property's position as a minimal-capital entry into homeownership, but buyers should budget for inspections and potential updates to suit their needs.