Property Overview: 761 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. With 1,008 sqft of living space and a detached garage, its key appeal lies in its established location and relative affordability. The home sits on a modest 2,880 sqft lot, which is smaller than many in the area but translates to lower maintenance. Its assessed value is notably below the citywide average, positioning it as an accessible entry point into the Winnipeg market.
The property suits first-time buyers or practical investors looking for a home with original character that they can renovate over time. Its appeal is grounded in reality: it’s a home that ranks as average or typical for its immediate street and neighbourhood in terms of size, value, and age. This means you’re getting a standard offering for Dufferin, not an outlier. A thoughtful perspective is that a smaller, unrenovated home on a manageable lot can be a strategic choice, allowing owners to tailor updates to their own taste and budget without being overwhelmed by a large, high-maintenance property. The unrenovated basement offers potential but requires vision and investment.
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 full-height ceilings under the roof’s sloping sides, often creating cozy bedrooms with unique character, though sometimes with less usable square footage than a full two-storey home.
2. How should I interpret the comparative rankings?
The data shows this home is very typical for Flora Avenue and the Dufferin neighbourhood. It’s not the largest or newest, but it’s not the smallest or oldest either. Its citywide rankings are lower, which primarily reflects that newer suburban developments have larger lots and more modern assessments, highlighting this property’s position as an inner-city character home.
3. What are the implications of an unrenovated basement?
This indicates the basement remains in a largely original state. It likely has functional systems but lacks modern finishes. Buyers should budget for potential updates and ensure a thorough inspection for moisture, insulation, and foundational integrity common in homes of this age.
4. Is the detached garage a significant advantage?
In older neighbourhoods, a detached garage is a valuable asset for storage and vehicle protection, especially where on-street parking may be the alternative. It adds practical utility without the higher cost of an integrated structure.
5. The home last sold in 2016. What does that suggest?
An eight-year ownership period suggests stability and that the sellers were not flipping the property quickly. It may indicate that the home has been lived in and maintained as a residence, though major systems and decor are likely due for review given the lack of recent renovation noted.