Property Overview
This is a compact, one-storey home on a standard city lot in Winnipeg's Dufresne neighborhood. Built in 1922, its key characteristic is its modest 680 sqft living area, which is notably smaller than most homes in the city, neighborhood, and even on its own street. It features a detached garage and an unrenovated basement. The home’s appeal lies in its affordability and simplicity, presenting a clear value proposition for a specific buyer. It suits a first-time homebuyer, an investor, or someone looking to downsize who prioritizes low carrying costs and land ownership over interior space. Its assessed value is very modest compared to the citywide average, suggesting a lower property tax burden. A thoughtful perspective is that this property represents a true "blank canvas" opportunity; its value is primarily in the land and the structure's potential, not in finished living space. It’s for a buyer comfortable with a project, whether that's a careful cosmetic refresh or planning a future expansion.
Frequently Asked Questions
1. Is the house livable in its current state?
While livable, the listing notes the basement is unrenovated. Buyers should budget for any desired updates to main-floor systems or aesthetics and consider the basement as purely functional or future project space.
2. Why is the assessed value so much lower than the last sale price?
The assessed value ($22.5k) is for municipal tax purposes and is often significantly lower than market value. The 2020 sale price of $150k is a better indicator of its market value, though conditions may have changed since then.
3. What are the possibilities for expanding the living space?
The 3,424 sqft lot provides a standard city footprint. Given the home's small size, there may be potential for a lateral addition or a second-storey expansion, subject to local zoning bylaws and building codes.
4. Who would this property not suit?
It would not suit a buyer needing multiple bedrooms, dedicated home office space, or who prefers a move-in ready home with modern, open-concept layouts. The limited square footage requires efficient use of space.
5. How does its size compare to nearby homes?
The data shows it is smaller than 94% of homes on its own street and 97% of homes citywide. This means you are buying one of the most compact houses in the area, which explains its accessible price point but also limits resale to a similar niche market.