546 Flora Avenue

Property Overview: 546 Flora Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1905, presents a classic character home opportunity in the Dufferin neighbourhood. Its key feature is an exceptionally large lot of nearly 8,900 square feet, which ranks in the top 1% for size both on its street and in the wider area. This offers rare potential for gardening, expansion, or outdoor living in the city core. The house itself, with 1,201 sqft of living space and an unrenovated basement, is functionally average for the area but sits on a standout parcel of land. Its last recorded sale was in July 2021.

The appeal here is grounded in the land itself. It suits a buyer with vision—someone who values private outdoor space over a modern, turn-key interior. It could be ideal for a gardener, a family seeking room for children to play, or an investor/owner looking at long-term value in a substantial lot. The home’s age and condition suggest it would resonate with those comfortable with a project, whether that’s gradual updates or planning for a future new build on a prized lot.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has sloped ceilings following the roofline, with full-height walls only in the center of the rooms. It offers more space than a bungalow but often with a cozier feel than a full two-storey.

2. How significant is the lot size?
Very. At 8,898 sqft, it is more than double the average lot size on Flora Avenue and in Dufferin. This is the property's most distinguishing asset, providing unusual scope for landscaping, adding a garage or workshop, or future redevelopment.

3. What is indicated by the "unrenovated basement"?
This typically means the basement remains in its original or largely unfinished state. Buyers should budget for potential updates to flooring, walls, and utilities, and should prioritize a thorough inspection for moisture management and foundational integrity common in century-old homes.

4. Why is the citywide assessed value ranking so high (Top 97%)?
A high percentile rank for assessed value means the value is low compared to the rest of the city. With an assessment of $14,300, this property is among the 3% of lowest-assessed properties in Winnipeg, reflecting its age, condition, and likely its neighbourhood market. This can translate to lower property taxes.

5. Who might the nearby "similar assessed value" properties be for?
These listings are provided as financial comparables based on municipal assessment value, not style or lot size. They are useful for understanding what price range a similarly assessed property might command, but they may be in different neighbourhoods and be very different home types (e.g., condos or townhouses).