Property Overview: 813 Wellington Avenue
Key Characteristics & Appeal
This is a compact, early 20th-century one-and-a-half storey home in Winnipeg's Daniel McIntyre neighbourhood. With 1,106 sqft of living space and a modest 2,150 sqft lot, it is notably smaller than most homes on its street and across the city. The home's assessed value is significantly below average for the area, reflecting its scale and vintage (built in 1909). Key features include a renovated basement and a detached garage.
Its primary appeal lies in affordability and location. It represents a lower-barrier entry point into a central Winnipeg neighbourhood. This property would suit first-time buyers, investors, or downsizers seeking a functional, no-frills home with renovation potential. Its compact size and lot also translate to lower maintenance demands and utility costs, a practical advantage often overlooked. Buyers should be prepared for the character and considerations of a century-old home, viewing it as a solid foundation rather than a turn-key modern property.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
The assessed value is primarily based on the home's relatively small size for both the building and the lot, especially when compared to neighbouring properties. Its age and the specific market valuations in its immediate area also contribute to this figure.
2. What does "one & 3/4 storey" mean for the layout?
This style typically features a main floor with principal rooms and a second floor under a sloped roof, often containing smaller bedrooms or cozier spaces. It's characteristic of many early 1900s homes and may have lower ceilings or unique room shapes on the upper level.
3. Is the small lot size a major drawback?
It depends on your priorities. It limits expansive outdoor space but also minimizes yard maintenance. For someone seeking a low-maintenance property in a central location, the smaller lot can be a practical benefit rather than a drawback.
4. How does the recent sale history affect the current price?
The home sold in June 2022 for $16,200. This recent transaction provides a concrete, modern benchmark for value, suggesting the current assessed value and likely asking price are grounded in very recent market activity.
5. Are the renovation costs for a home this age a concern?
While the basement has been renovated, a home from 1909 will have ongoing maintenance needs common to its era, such as potential updates to original windows, plumbing, or electrical systems. A thorough inspection is essential to budget for these expected, age-related upkeep costs.