Property Overview
This one-and-a-half storey home at 715 Carter Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a practical and affordable entry point into the market. Built in 1947, its 881 sqft living area and renovated basement offer a functional layout on a 4,000 sqft lot. The data shows it is consistently average or above-average for its immediate area in terms of size, assessed value, and lot dimensions, though it sits below the city-wide averages for living space and lot size—a typical trade-off for a centrally-located, established community.
Its primary appeal lies in its relative value and stability within its local context. It suits first-time buyers seeking a manageable, updated starter home without the premium of a new build, or investors looking for a character property with a renovated basement for potential rental income. A thoughtful perspective is that its "average" metrics within the neighbourhood suggest a lower risk of overpaying compared to more outlier properties, and its older vintage may appeal to those preferring the solid construction and simpler layouts of mid-century homes over newer, more complex builds.
Frequently Asked Questions
What does the "renovated basement" include?
The listing notes the basement is renovated but does not specify the scope. This is a key detail to clarify, as it could range from basic finishing to including a separate suite or additional living space.
How does the assessed value relate to the likely sale price?
The home is assessed at $30,400, but it last sold for $25,100 in late 2019. Market conditions have shifted since then. The assessed value is for municipal tax purposes and is not a direct indicator of current market value, which would be determined by recent comparable sales and buyer demand.
Is the lot size a pro or a con?
At 4,000 sqft, the lot is above average for Ebby-Wentworth, offering good outdoor space for the area. However, it is below the city-wide average, so expectations should be calibrated for an urban neighbourhood rather than a suburban one.
What are the implications of the "one-and-a-half storey" design?
This style often features a main floor with primary living spaces and a second floor with sloped ceilings in the bedrooms, creating character but potentially limiting headroom and closet space. It's wise to assess if the layout meets your spatial needs.
How does this home compare to the nearby reference properties?
The listed nearby homes on Weatherdon Avenue, while in the same neighbourhood, show a wide range in assessed values and sizes. This highlights the variety within Ebby-Wentworth and underscores the importance of viewing comparable recent sales, not just assessed values, to understand this specific home's market position.