Property Overview: 926 Carter Avenue, Grant Park, Winnipeg
This bi-level home at 926 Carter Avenue presents a distinct profile within Winnipeg's Grant Park neighborhood. Built in 2017, it is a notably modern property in an area dominated by older homes. With 990 sqft of living space and a renovated basement, it offers efficient, contemporary living. The home sits on a compact 2,499 sqft lot but benefits from a detached garage. Its assessed value of $500k ranks well above average for the local area, reflecting its newer construction and updated condition.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its balance of modern convenience and established location. As a home built nearly 50 years more recently than most in Grant Park, it offers move-in readiness with newer systems and finishes, likely requiring less immediate maintenance than its older counterparts. The renovated basement adds functional living space.
Its appeal is tailored for specific buyers: it would suit a professional, couple, or small family seeking a low-maintenance, modern home within a mature neighborhood. The compact lot means less yard work—a perk for those with busy lifestyles—but less private outdoor space. The above-average assessed value suggests it's positioned as a premium offering for the immediate area, ideal for a buyer who prioritizes newer construction over square footage or lot size. A thoughtful perspective is that this home represents a "best of both worlds" scenario for some, but a trade-off for others; you gain a contemporary build in a central location, but sacrifice the larger rooms and generous yards typical of older homes in the city.
Section 2: Frequently Asked Questions
1. Is the price justified given the smaller size?
The home's value is driven more by its new age (2017) and condition than pure square footage. For buyers who want modern construction and want to avoid the renovation projects common with older Grant Park homes, the premium may be justified.
2. What does the compact lot size mean for me?
The lot is significantly smaller than area averages. This means minimal yard maintenance, but also limited potential for expansions like large decks, additions, or extensive landscaping. It emphasizes low-maintenance, indoor living.
3. How does the assessed value compare to recent sale prices?
The current assessed value is $500k. The last recorded sale was in April 2023 for an estimated $495k-$525k, showing alignment. A prior sale in 2017 was in the low $300ks, indicating significant appreciation linked to the completion and establishment of the newer build.
4. Who might this home not suit?
It may not suit buyers seeking a large yard, traditional character, or maximum square footage for the price. Those needing multiple large bedrooms or extensive outdoor space might find it limiting.
5. What is the context of the "renovated basement"?
As a bi-level built in 2017, the basement is likely a foundational part of the living space, not a later addition. "Renovated" suggests it is finished to a modern standard, effectively doubling the usable living area from the base square footage.