693 Ebby Avenue

Property Overview

This one-and-a-half storey home at 693 Ebby Avenue is a classic Winnipeg character property built in 1947. With 981 sqft of living space and a detached garage, it sits on a notably generous 4,124 sqft lot for the Ebby-Wentworth neighbourhood. Its assessed value of $300k positions it as an average-priced home within its immediate area but represents a more accessible entry point when viewed city-wide. The home last sold in early 2021.

Key Characteristics & Appeal

This property’s primary appeal lies in its established neighbourhood setting and its land value. The lot size is well above average for Ebby-Wentworth, offering valuable outdoor space and future potential that is increasingly rare in mature core areas. As a home with post-war character, it suits a buyer looking for a grounded, no-frills project—someone comfortable with the maintenance realities of an older home who values space over turn-key finishes. It’s a practical choice for a first-time buyer seeking a foothold in a stable community or an investor looking for a land-strong asset. A thoughtful perspective is that while its living space is modest and city-wide comparisons show it’s below average in size, its above-average lot locally provides a balance of affordability and opportunity that doesn’t typically exist in newer suburbs.

Frequently Asked Questions

1. How does this home compare to others on the street and in the area?
The home is consistently around average for Ebby Avenue and the broader Ebby-Wentworth neighbourhood in terms of living space, assessed value, and age. Its standout feature locally is its land area, which ranks in the top 21% for the neighbourhood.

2. What does the "below average" city-wide ranking mean?
When compared to all Winnipeg properties, the home’s living area, assessed value, and lot size fall below the city median. This primarily reflects the larger lot sizes and newer, bigger homes in suburban areas, and highlights this property’s position as a more compact, character option in a mature part of the city.

3. Is the assessed value a reliable indicator of the likely sale price?
The assessed value ($300k) is for municipal tax purposes and provides a benchmark. The last known sale was in January 2021 for $271k. Market conditions, property updates, and buyer demand will determine the final sale price.

4. What should I consider with a home of this age?
Built in 1947, prospective buyers should budget for and investigate updates to major aging components like the roof, windows, plumbing, and electrical systems. A thorough home inspection is essential.

5. What are the implications of having no basement?
The listing indicates "BasementNo," which is common for some older Winnipeg home styles. This means all mechanical systems, storage, and living space are confined to the main and upper floors, which can limit utility and storage options but also eliminates concerns related to basement moisture or flooding.