Property Overview: 505 Dufferin Avenue
Key Characteristics & Appeal
This bi-level home at 505 Dufferin Avenue presents a distinct profile defined by its modern age and efficient footprint. Built in 2012, it is a notably newer construction compared to most homes in the Dufferin area and across Winnipeg, offering contemporary building standards and minimal immediate maintenance concerns. With 828 sqft of living space and a renovated basement, it is a compact and manageable property. Its assessed value is high for the immediate street and neighbourhood, but remains well below the citywide average, suggesting a potentially attractive entry point into a central community.
The primary appeal lies in this balance of modern convenience within an established neighbourhood. It suits first-time buyers or downsizers seeking a low-maintenance, newer home without a suburban price tag. The detached garage and a decent 3,676 sqft lot add practical value. A thoughtful perspective is that while the living space is below average, this translates to lower utility costs and less upkeep—a trade-off that aligns with a simplified lifestyle. The high neighbourhood assessment rank could indicate perceived durability and quality that stands out among older surrounding homes.
Frequently Asked Questions
1. Is this a small house?
Yes, at 828 sqft of living area, it is smaller than most homes on the street, in the Dufferin area, and across Winnipeg. This makes it efficient and manageable, but may require creative use of space.
2. Why is the assessed value so high for the neighbourhood?
The assessed value ranks in the top 10% for Dufferin, likely reflecting its modern construction year (2012) compared to the area's average, which features many heritage-era homes. The renovation to the basement also adds value.
3. What does the sale history tell us?
The property last sold in April 2016 for $200,000. This provides a historical benchmark, but current market value will depend on present conditions and updates since that time.
4. Who might this property not suit?
It may not be ideal for buyers needing significant interior space or multiple large bedrooms. Those seeking a character home with heritage features typical of the area might also prefer an older property.
5. How does the lot size compare?
The land area of 3,676 sqft is slightly below average for the street but around average for the Dufferin neighbourhood. It provides adequate outdoor space for a city home without being overly demanding to maintain.