Property Overview: 79 Handyside Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1949, situated on a standard-sized lot in the Glenwood neighbourhood. Its key characteristic is its modest scale, with a living area of 778 sqft that is notably smaller than most comparable homes locally and city-wide. The basement has been renovated, adding functional space. There is no garage or pool.
The primary appeal lies in its affordability and efficiency, reflected in its below-average assessed value. It represents a straightforward entry point into homeownership with lower property taxes and maintenance demands. The renovated basement adds practical living or storage space, offsetting the smaller main floor footprint.
This property would best suit first-time buyers, downsizers, or investors seeking a low-maintenance, cost-effective holding. It’s for someone who prioritizes financial practicality and a simpler footprint over spaciousness. A thoughtful perspective is that its smaller size and lot could be seen as an advantage for those seeking a more sustainable, lower-consumption lifestyle, or for an investor looking for a rental property with a relatively low cost basis.
Section 2: Frequently Asked Questions
1. Is the home’s smaller size a significant drawback?
While the living area is below average for the area, the renovated basement provides additional usable space. The home’s layout and efficiency will be more important than square footage alone for many buyers.
2. What does the assessed value tell me about the property tax?
The assessed value is significantly below the city-wide average, suggesting property taxes will be comparatively low. This is a key part of the home’s affordability profile.
3. The home has sold several times recently. Is that a concern?
The sales history shows transactions in 2019, 2020, and 2023. This could indicate it’s been a rental property or that it appeals to owners seeking short-term holdings. It’s advisable to investigate the reasons and condition during a viewing.
4. Are there any major costs I should anticipate?
Built in 1949, major systems (like roof, plumbing, or electrical) may be due for updates or inspection, even with a renovated basement. Budgeting for potential updates is prudent.
5. How does the lack of a garage affect utility and value?
For the neighbourhood and price point, the absence of a garage is common. Buyers should consider on-street parking availability and the cost/feasibility of adding a shed or covered parking if needed.