Property Overview: 815 Dufferin Avenue
Key Characteristics & Appeal
This is a compact, one-storey home built in 1907, offering a practical footprint of 888 square feet on a standard city lot. Its key updated feature is a renovated basement, adding functional living space, and it includes a detached garage. The home’s primary appeal lies in its established Dufferin neighbourhood location and its relative value within the immediate area. While its size is below the Winnipeg city average, the property’s assessed value ranks notably above average for both Dufferin Avenue and the broader Dufferin neighbourhood, suggesting it is well-regarded in its local context. This presents a less obvious perspective: it’s a home that may offer more intrinsic value and desirability within its specific community than broader city metrics indicate.
This property would suit first-time buyers or downsizers looking for a manageable, low-maintenance home in a central, mature area. It’s also a sensible fit for an investor seeking a character home with some modern updates (like the basement) in a stable neighbourhood. The detached garage is a practical asset for anyone needing workshop space or secure parking.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was last sold in July 2023 for $17,500, which is very close to its current assessed value of $17,300. This alignment suggests the assessment is current and reflects recent market activity.
2. Is the living space sufficient for a small family?
At 888 sq ft, the living area is compact. The renovated basement provides crucial additional space, but the main-floor layout is characteristic of an older, smaller home. It would be most comfortable for individuals, couples, or a very small family.
3. What should I consider with a home from 1907?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should pay special attention to the condition of the foundation, original plumbing and electrical systems, and the roof. A thorough inspection is essential.
4. How does the lot size compare to others?
The 3,678 sq ft lot is fairly typical for the street and neighbourhood, though slightly smaller than the area average. It provides a standard backyard space for a city home but is not an unusually large parcel.
5. What does its above-average assessment for the area indicate?
An assessed value that ranks in the top 26% for the Dufferin neighbourhood often reflects a combination of factors like the renovated basement, overall property condition, and desirable location on the street. It implies the property is considered one of the better-maintained or more valuable homes in this specific community.