Property Summary: 720 Carter Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-and-a-half storey home built in 1947, situated on a standard city lot in the Ebby-Wentworth neighbourhood. With 987 sqft of living space, it is very typical for its immediate area—ranking around the middle of the pack for size, value, and lot size when compared to its neighbours on Carter Avenue and within Ebby-Wentworth. Its assessed value is notably below the Winnipeg city-wide average, reflecting its more compact footprint and older vintage relative to newer suburban developments.
The primary appeal lies in its positioning as an affordable, no-frills entry point into the Winnipeg market. It suits first-time buyers, investors, or downsizers seeking a straightforward property without the premium of modern upgrades or large square footage. A thoughtful perspective is that its "average" standing within its own community could be a stability indicator—it's not an outlier, which may suggest predictable maintenance costs and neighbourhood character. The lot size offers standard potential for outdoor space or modest expansion, subject to zoning.
Frequently Asked Questions
1. How does this home's value compare to the area?
Its assessed value is around average for both Carter Avenue and the broader Ebby-Wentworth neighbourhood, but it sits below the city-wide average. This suggests it is priced consistently within its established community.
2. What should I consider about the home's age?
Built in 1947, the home is older than the Winnipeg average. Prospective buyers should budget for potential updates to aging components like wiring, plumbing, or windows, which is typical for homes of this era.
3. Is the living space sufficient for a small family?
At 987 sqft, the living area is slightly below the average for the immediate area (approx. 1,070 sqft). It would likely suit a small family, couple, or individual comfortably, but may feel compact for those needing multiple dedicated rooms or extensive storage.
4. What does the sale history indicate?
The home sold previously in 2021 and 2017. The increase in sale price between those transactions aligns with broader market trends over that period, showing steady, modest appreciation.
5. How does the lot size impact potential?
The 3,749 sqft lot is standard for the area. It provides a typical backyard space but is significantly smaller than the city-wide average lot. This means outdoor space is adequate but not expansive, and any future additions would need to respect standard setback rules.