744 Flora Avenue

Property Overview: 744 Flora Avenue, Winnipeg

Key Characteristics & Appeal

This home is a classic one-and-three-quarter storey character property built in 1905, offering 1,088 square feet of living space on a 3,682 sqft lot in the Dufferin neighbourhood. Its key updated feature is a renovated basement, adding functional living space. The home lacks a garage or pool.

Its primary appeal lies in its established, central location and the value proposition it represents within its immediate area. While its size and lot are modest by city-wide standards, the property holds its own well within the local context of Flora Avenue and the Dufferin area, where it ranks above average for assessed value. This suggests it is perceived as a solid asset in its neighbourhood. The recent sale in late 2024 indicates active market interest.

This property would suit a first-time homebuyer or a practical investor looking for a character home in a central neighbourhood without a premium price tag. It’s for someone who values location and the potential of a renovated basement over modern amenities like a garage or a large lot. The buyer should be comfortable with the upkeep of a century-old home.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The assessed value is above the average for Flora Avenue and around average for the wider Dufferin area, indicating it is a competitively valued property in its local market.

2. What should I consider about the age of the home?
Built in 1905, the home is typical for its neighbourhood but older than most city-wide. Buyers should prioritize a thorough inspection to understand the condition of foundational elements, plumbing, wiring, and the roof, which may have been updated over time.

3. Is the lot size a limitation?
At just under 3,700 sqft, the yard is smaller than the Winnipeg average but fairly typical for Dufferin. It provides manageable outdoor space for gardening or relaxation but may not suit those seeking extensive privacy or room for large additions.

4. The home sold recently in October 2024. What does that mean?
The recent sale provides a clear, current market price benchmark, which is valuable for comparison. It also suggests the property is in move-in condition and was appealing enough to sell in the current market.

5. There’s no garage. What are the parking options?
The property has no garage. Buyers should confirm the specific on-street parking regulations with the city and observe the typical parking availability on the street during different times of day.