Property Overview: 10 Vivian Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, situated on a modest lot in the Glenwood neighbourhood. Its key characteristic is its affordability, underscored by a notably low assessed value compared to nearly all homes on its street, in its area, and across Winnipeg. With 679 sqft of living space, it is significantly smaller than average comparables. A renovated basement adds functional space.
The primary appeal lies in its position as a potential entry point into the housing market. It suits a very specific buyer: those seeking absolute minimal property tax liability, or investors looking for a straightforward rental property with a low cost basis. It may also appeal to someone seeking a minimalist lifestyle without the upkeep of a larger home. A less obvious perspective is that its small lot size, while below average, could mean lower maintenance costs and less time spent on yard work, which some may see as a benefit. It’s important for buyers to be comfortable with the home’s vintage and compact footprint, viewing it as a pragmatic financial step rather than a long-term family home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
The assessed value is based on factors like the home's age (1914), its relatively small size, and its specific market characteristics. It consistently ranks in the bottom tier compared to local and city-wide averages, which is the core driver of its affordability.
2. What does "renovated basement" mean?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits for this work are not detailed. A professional inspection is highly recommended to understand the finish, moisture control, and compliance with current standards.
3. Is the small living area a major concern?
At 679 sqft, the living area is well below neighbourhood and city averages. This necessitates a minimalist lifestyle or creative use of the renovated basement for additional space. It is a defining feature of the property.
4. What are the implications of the very old construction year?
A home built in 1914 may have outdated wiring, plumbing, and insulation unless it has been comprehensively updated. While it has historical charm, potential buyers should budget for higher maintenance costs and prioritize a thorough inspection to understand the condition of these core systems.
5. How does the lack of a garage affect daily living?
The property has no garage. In Winnipeg's climate, this means vehicles will be exposed to the elements, and on-street parking may be necessary. This is a practical consideration for potential owners.