Property Overview: 731 Weatherdon Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1930, presents a practical opportunity in Winnipeg's Ebby-Wentworth neighbourhood. With 976 sqft of living space and a detached garage, its key characteristic is its position as a modest, entry-level property. The appeal lies in its affordability, underscored by a notably low assessed value compared to both the immediate area and the city at large. It sits on a 2,600 sqft lot, which is compact for the city but typical for the street.
This home would suit a first-time buyer, an investor, or a downsizer comfortable with a project. Its value is primarily in the land and location, not in finishes or size. A thoughtful perspective is that its lower-than-average metrics across the board (size, assessed value, year built) for Winnipeg might represent a lower barrier to entry and a chance to build equity through gradual updates, rather than paying a premium for a fully modernized home. It’s a straightforward property for someone whose priorities are location and getting into the market, not immediate move-in perfection.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's characteristics (age, size, condition) relative to market values. This home's lower assessment reflects its older age, modest square footage, and likely the condition of its unfinished basement, resulting in lower property taxes—a key consideration for budget-conscious owners.
2. What does "one-and-a-half storey" typically mean for a home of this era?
This style usually features a main floor with principal rooms and a second floor with sloped ceilings under the roofline, creating cozy bedrooms or attic spaces. It's a classic Winnipeg design, but buyers should verify the actual layout and ceiling heights on the upper level.
3. Is the lot size a limitation?
At 2,600 sqft, the yard is smaller than the Winnipeg average but is generally comparable to others on Weatherdon Avenue. It offers manageable outdoor space for gardening or relaxation without extensive maintenance, but may not suit those seeking a large private yard.
4. How does the 2016 sale price relate to today's likely value?
The prior sale price of $19,500 is a historical data point. Current market value will be influenced by present market conditions, any changes made to the property since then, and its assessed value, which is significantly higher. It's best used as a reference for long-term trends, not current pricing.
5. The data shows this home ranks "below average" in many categories. Is that a concern?
Not necessarily. These rankings compare it against all Winnipeg homes, many of which are newer and larger. Within its immediate neighbourhood and street, it is much more typical. This profile is common for a character home in an established area and is reflected in its accessible price point.