Property Summary: 562 Flora Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 562 Flora Avenue in the Dufferin neighbourhood stands out for its modern foundation in an established area. Built in 2018, it is a notably newer construction compared to most homes on its street and in the wider city. With 1,135 sqft of living space and a 5,053 sqft lot, it offers above-average room for the immediate area. The home has a full, unrenovated basement and does not include a garage or pool.
Its primary appeal lies in its balance of contemporary build quality and a sizable lot within a mature community. Buyers seeking a low-maintenance, modern structure without the premium of a brand-new subdivision will find this compelling. It is particularly suited to first-time homeowners who want to avoid immediate major renovations, or to downsizers looking for a single-level living layout (bi-level) with a newer mechanical and structural base to build upon. A thoughtful perspective is the significant disparity between its assessed value—which is elite for the street—and its last sale price; this may indicate unique factors or simply the value of its newness in a historic area, warranting a closer look.
Section 2: Frequently Asked Questions
1. How does the 2018 build date affect this home?
It means major components like the roof, windows, furnace, and electrical systems are relatively new, offering potential savings on repairs and updates compared to neighbouring century-old homes.
2. What does "basement yes, not renovated" imply?
The home has a full, unfinished basement. This provides ample storage and flexible space for future development, but any finishing would be an additional project and cost for the buyer.
3. The assessed value seems high for the street but low citywide. Why?
The assessment is elite compared to nearby, mostly older homes, reflecting its modern construction. The citywide comparison includes many newer suburban areas with different market values, making the local assessment more relevant for understanding its standing in Dufferin.
4. Is the lack of a garage a significant drawback?
This depends on buyer needs. Many homes in established neighbourhoods lack garages. The large lot provides room for potential future construction of a garage or shed, subject to local bylaws.
5. What is the neighbourhood like?
Dufferin is a long-established, central Winnipeg neighbourhood with character homes and tree-lined streets. This property offers a modern home within that setting, close to local amenities and with neighbours in primarily older, well-kept houses.