Property Overview: 416 Dufferin Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1915, presents a solid opportunity in Winnipeg's Dufferin Industrial area. Its primary appeal lies in its strong relative standing within its immediate locale. The home offers above-average living space (1,230 sq ft) for both its street and neighborhood, providing more room than most comparable nearby properties. It sits on a decently-sized lot (4,309 sq ft) and features a detached garage. The assessed value is notably higher than those of its closest peers, suggesting it is considered a premium property within this specific context. However, the city-wide comparisons reveal a different perspective: the home is older, on a smaller lot, and has a significantly lower assessed value than the typical Winnipeg property, highlighting its positioning in a more affordable market segment.
This property would suit a pragmatic buyer looking for a character home with space in a no-frills, industrial-adjacent neighborhood. It's ideal for someone who values square footage and lot size over modern finishes, as the basement is noted as unrenovated. It could appeal to an investor, a hands-on owner comfortable with gradual updates, or a buyer seeking an entry point into the market where their money goes further in terms of physical space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
This reflects the property's location in the Dufferin Industrial area, where property values are generally lower than the Winnipeg average. The assessment is comparative within its market segment.
2. What does "above average" for Year Built mean in this context?
It means the home (built 1915) is newer than many comparable homes on its street and in its neighborhood, where the average build year is 1922 and 1907, respectively. City-wide, however, it is older than most homes.
3. Is the 2020 sale price of $150k a reliable indicator of current value?
It is a recent data point, but market conditions have changed since 2020. It should be considered alongside a current professional appraisal and comparative market analysis.
4. What are the implications of the "unrenovated" basement?
This indicates the basement space is in original or functional condition but may lack modern finishes. It represents both a cost-saving on the purchase price and a potential opportunity for future value addition, subject to necessary inspections for moisture and foundation integrity.
5. How should I interpret the strong rankings for this street/area versus the weaker city-wide ones?
This highlights the property's duality: it is a standout home within its specific, more affordable neighborhood, offering good space and relative modernity for that locale. The city-wide data confirms it is not in a high-value suburb, which is reflected in its price point.