795 Ebby Avenue

Property Overview: 795 Ebby Avenue, Grant Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on a standard city lot presents a practical opportunity in the established Grant Park neighbourhood. Its key characteristic is its relative value within its immediate area. While the 845 sqft living space is modest and below the neighbourhood average, the property’s assessed value ranks above average for Ebby Avenue itself. This suggests a well-maintained or updated home relative to its direct peers, potentially offering more value per dollar on this specific street. The detached garage and renovated basement add functional space.

The appeal lies in its positioning as an efficient, manageable property in a mature area. It suits first-time buyers or downsizers seeking a lower-maintenance, single-level layout without a premium price tag. It’s a home for those who prioritize location and a solid foundation over sheer size, offering a chance to live in Grant Park with a potentially smaller financial footprint than larger homes in the area. A thoughtful perspective is that a smaller, well-kept home on a good street can sometimes be a wiser investment than a larger, problematic one, offering stability and easier upkeep.

Section 2: Frequently Asked Questions

1. Is the house actually smaller than most in Winnipeg?
Yes. At 845 sqft, the living area is below the city-wide average, placing it in the top 88% (meaning only 12% of city homes are smaller). This confirms it’s a compact, efficient property.

2. If it's smaller, why is the assessed value relatively strong?
The assessed value is above average for its own street and around average for the wider neighbourhood. This typically indicates the condition, updates, or specific attributes of the home are recognized as adding value, offsetting the smaller square footage.

3. What does the sold price history from 2021 indicate?
The home sold in April 2021 for an estimated range of $255k-$285k. This provides a recent market benchmark, but it’s essential to consider how market conditions and any changes to the property since then affect its current value.

4. Who might this property not suit?
It may not suit buyers requiring multiple bedrooms, dedicated home office space, or extensive room for a growing family, given its modest size. Those prioritizing a large yard or brand-new construction may also want to look elsewhere.

5. How does the age of the home (built 1947) factor in?
At 79 years old, it’s older than most homes in Grant Park. This means potential for classic charm and a mature lot, but it also underscores the importance of a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation, despite the renovated basement.