Property Overview
This one-and-a-half storey home at 772 Weatherdon Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a practical and historically grounded opportunity. Built in 1907, its key appeal lies in its renovated basement and its position as a relatively affordable entry point into the city’s housing market. With 963 square feet of living space on a 2,500 sqft lot, it offers a manageable scale for first-time buyers, downsizers, or investors.
The home’s characteristics are best understood in context. Its living area and assessed value are quite typical for its immediate street and area, meaning it fits right into the local fabric without standing out. However, its age and smaller lot size are notable when viewed city-wide, placing it among the older homes on a more compact parcel of land. This isn’t a modern, sprawling property; its appeal is for those who value a renovated core in a mature neighbourhood without the premium of a larger, newer build. It would suit a buyer comfortable with the character and maintenance considerations of an older home, who prioritizes location and a solid foundation over square footage or a large yard.
Frequently Asked Questions
1. How does this home’s value compare to others?
Based on its assessed value, this property sits around the average for both Weatherdon Avenue and the broader Ebby-Wentworth area. City-wide, however, its assessed value is below average, which reflects its older age and smaller size compared to the typical Winnipeg home.
2. What should I know about the age of this home?
Built in 1907, this is one of the oldest homes on its street and in the neighbourhood. This suggests potential for classic architectural charm but also means systems like plumbing, electrical, and the foundation may have been updated over time and deserve careful inspection.
3. Is the lot size a limitation?
The 2,500 sqft lot is below average for the street, area, and especially the city. This means lower maintenance and yard work, which can be a benefit, but offers less private outdoor space than many other properties.
4. The last sale was in 2022. Does that indicate anything?
The home sold in September 2022 for $29,500. A sale relatively recently in a changing market can provide a useful, modern price benchmark, but it’s essential to understand why it was sold and what, if any, changes have been made since.
5. How does the renovated basement impact the home’s value?
A renovated basement adds functional living space, which is a significant plus in a sub-1,000 sqft main floor home. It’s important to verify the quality of the renovation, ensure it meets code, and check for any moisture or insulation issues common in older basements.