Property Overview
This one-and-a-half storey home, built in 1947, presents a grounded opportunity in Winnipeg's Ebby-Wentworth neighbourhood. With 981 sqft of living space on a 3,891 sqft lot, its key metrics—size, value, and land area—are consistently around the average for its immediate street and area, offering a stable, known quantity rather than extremes. Its appeal lies in this very predictability: it's a proportionate property in a mature community, assessed at $270k. The home suits first-time buyers or practical downsizers seeking an honest entry point into the market without unexpected premium costs. It’s for those who value a established neighbourhood character over new construction, and who see potential in a home that aligns with local norms rather than standing out.
A thoughtful perspective is that its "average" standings within the micro-markets of the street and area can be a strength, indicating lower risk of overpayment relative to immediate comparables. However, its below-average citywide rankings for size and value highlight its position as a modest, affordable option within the broader Winnipeg market.
Frequently Asked Questions
1. How does the assessed value relate to likely market price?
The assessed value of $270k is a municipal tax valuation. While it provides a benchmark, market price is determined by current buyer demand. Recent sales on the same street show a wide range, suggesting a professional appraisal or comparative market analysis is essential.
2. What should I consider about a home built in 1947?
While the structure is mature, its age is typical for the neighbourhood. A thorough inspection is crucial to understand the condition of major systems like wiring, plumbing, and the foundation, and to identify any updates that may have been made over the years.
3. The home has no garage or basement. How does this impact livability and value?
This limits storage and utility space, which is reflected in its price point. Buyers should realistically assess their storage needs and consider the cost of adding a shed or renovating to create interior storage. This layout often suits minimalist lifestyles or those with less to store.
4. The lot size is near average for the area but below average citywide. What does this mean?
You are purchasing a standard lot for Ebby-Wentworth, providing typical backyard space for the community. It is not an oversized lot, but it is proportionate to the home and the area's established density.
5. Who would this neighbourhood suit best?
Ebby-Wentworth attracts residents seeking a central, no-frills Winnipeg community. It's ideal for those who prioritize location and affordability over newer amenities, and who appreciate the character of post-war homes and mature streetscapes.