Property Overview: 850 Ebby Avenue, Grant Park, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1950, presents a straightforward opportunity in Winnipeg's Grant Park neighbourhood. With 900 square feet of living space and a full, unrenovated basement, it sits on a standard 4,105 sqft lot. The home lacks a garage or pool. Its assessed value is notably below the neighbourhood average, which is a defining characteristic.
The primary appeal lies in its position as a modest, entry-level property in an established area. It suits practical buyers looking for a lower-priced foothold in the city, such as first-time purchasers comfortable with a home that may require updates, or investors seeking a rental property with a relatively low tax assessment. A less obvious perspective is its potential for someone valuing a "blank slate" basement to finish according to their specific needs, without first needing to undo a previous renovation. While its size is below the city average, it ranks as average for its immediate street, suggesting it fits the local streetscape and may not feel out of place among neighbouring homes.
Frequently Asked Questions
1. What does "below average assessed value" mean for me?
It generally indicates a lower annual property tax bill compared to many homes in Grant Park. However, it can also reflect the home's condition and lack of updates, which is important to factor into your budgeting.
2. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated." This typically means it is unfinished raw space, offering utility and storage but requiring work to become a livable family room or additional bedroom.
3. What are the implications of having no garage?
You will need to consider on-street parking or the cost and space required to add a driveway and parking structure. This is a common feature in older neighbourhoods and something to verify with local bylaws.
4. How does the sold price history help?
The provided range from mid-2024 gives a recent benchmark for what the market was willing to pay, which is useful for comparison. For the exact figure, you can request it via email from the site.
5. The home is older than most on its street. Is that a concern?
It can be a double-edged sword. While it may need more attention to maintenance, older homes in a area of newer builds can sometimes possess unique character or construction quality. A thorough inspection is essential to understand its specific condition.