Property Overview
This 1965 one-storey home at 745 Ebby Avenue in Winnipeg's Grant Park neighbourhood presents a specific and compelling opportunity. Its key appeal lies in being a more accessible entry point into a well-established area. With a modest 694 sqft of living space and a recently renovated basement, it offers a manageable footprint. The detached garage and a 2,568 sqft lot provide practical utility and outdoor space. The home’s assessed value is notably lower than many in the wider area, which can translate to a favourable property tax position. This property would suit first-time buyers, downsizers, or investors looking for a lower-maintenance home in a central location without the premium price tag of larger houses. It’s for those who value location and practicality over sheer size, and who see potential in a home that is efficient and financially sensible.
Frequently Asked Questions
1. Is the house too small?
At 694 sqft, it is significantly smaller than the average home in Grant Park. However, the renovated basement adds functional space. It's ideal for individuals, couples, or those who prioritize easy maintenance and lower utility costs.
2. Why is the assessed value so much lower than area averages?
The assessed value is based on the property's specific attributes—its smaller size, lot, and building value. While below the area average for price, it ranks around the middle for assessed value on its own street, suggesting it's priced appropriately for what it is.
3. What does the sold price history indicate?
The home sold in late 2024 for an estimated range of $31.5k to $34.5k. This recent sale provides a clear, current market benchmark for the property's value.
4. Is the 1965 build date a concern?
While newer than many homes on its street and in Grant Park, a 1965 build still means potential for older components. A thorough inspection is recommended to understand the condition of major systems.
5. Who would this property not suit?
It likely wouldn't suit a growing family needing multiple bedrooms and ample living space, or a buyer seeking a large yard for extensive gardening or recreation, as the lot is also below average in size for the area.