Property Overview
This one-and-a-half storey home on Ebby Avenue in Winnipeg's Grant Park neighbourhood presents a solid, spacious offering in a mature area. Built in 1947, it features 1,688 sqft of living space, a detached garage, and a full, unrenovated basement on a standard 4,108 sqft lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average space and value within its immediate context. Its living area is notably generous, ranking in the top 4% on its street and the top 5% in the Grant Park area, offering significantly more room than local comparables. While the home itself is older and the basement is unfinished, the assessed value is strong for the street, suggesting a good foundation of value for the neighbourhood. The lot size is typical for the area.
This home would suit a practical buyer who values space over turn-key condition. It’s ideal for someone with renovation plans for the basement, seeking a character home with room to grow into, or looking for a larger footprint in a central neighbourhood without the premium price of a fully updated property. Its appeal is less about luxury finishes and more about the potential and proportion it offers relative to its peers on the block.
Frequently Asked Questions
1. What does the "Elite" ranking for living area actually mean?
It means that, specifically for square footage, this home is larger than 96% of the 99 comparable properties on Ebby Avenue. It’s a standout feature for space on this street.
2. The assessed value seems low. Is that accurate?
The $39,900 figure is the assessed value for taxation purposes, not a market price. The sold price history from 2017 shows it transacted in the $27.5k-$30.5k range, which is more indicative of its market value at that time. Market value today would be determined by current conditions.
3. Who would a home with an unrenovated basement suit best?
It suits a buyer who sees potential and is budgeting for a future project. It could be a blank canvas for creating a rec room, home office, or rental suite, but requires investment and planning.
4. How does its age compare to other homes nearby?
Built in 1947, it’s slightly older than the average on its street but noticeably older than many homes in the wider Grant Park area. This suggests a neighbourhood with a mix of eras, with this home being one of the older, established properties.
5. What can the nearby sold properties tell me?
The listed nearby properties (e.g., 745, 751 Ebby Ave) are likely very similar in style and vintage. Researching their sale prices and conditions would provide the best direct comparison for understanding this home’s current market value.