Property Overview: 579 Dufferin Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1986, offering a more contemporary foundation than many in its historic Dufferin neighbourhood. Its key appeal lies in its balance of a newer structure on a desirable, above-average sized lot. With 879 sqft of living space, the house is compact and efficient, positioned around the neighbourhood average for size. The basement exists but is unrenovated, presenting a clear opportunity for future expansion or customization.
The property’s standout feature is its land. The lot of 4,751 sqft is notably larger than many on the street and in the area, offering valuable outdoor space and potential in a mature community. This, combined with its relatively modern build year, suggests a home that may require less immediate attention to foundational or systemic updates common in century-old houses.
This home would suit a first-time buyer, a downsizer, or an investor looking for a manageable property in a central Winnipeg neighbourhood. It’s for someone who values a larger yard and a newer build over square footage, and who sees the unfinished basement as a canvas rather than a drawback. The assessed value is consistently average for the local area, indicating a stable, entry-level point in the market.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
Based on assessed value, this property is consistently around the average for both Dufferin Avenue and the broader Dufferin area, suggesting it is priced in line with local norms rather than standing out as unusually high or low.
2. What does “above average” for Year Built really mean?
In a neighbourhood with many homes dating back to the early 1900s, a 1986 build is significantly newer. This often implies modern construction standards, potentially more efficient wiring and plumbing, and likely less immediate need for major historical upkeep.
3. How usable is the lot size?
At 4,751 sqft, the lot is larger than many nearby properties. This offers more private outdoor space, better potential for gardening, and room for additions like a shed or deck. It’s a key asset in an inner-city neighbourhood.
4. The living area is below the city average. How does the layout feel?
At 879 sqft, the home is compact. This emphasizes efficient use of space and lower utility costs. For the right buyer, it represents a manageable, low-maintenance footprint, with the unrenovated basement offering a chance to add functional space later.
5. What is indicated by the stable sale price in 2019 and 2021?
The property sold for the same price in 2019 and 2021 ($13,600), which may reflect a stable, non-speculative market value for this type of home in this area during that period, unaffected by the rapid price increases seen elsewhere.