Property Overview: 961 Carter Avenue, Grant Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1947, situated on a standard-sized lot in the established Grant Park neighbourhood. Its key characteristic is its modest 600 sqft living area, which is notably smaller than most homes in the area and across Winnipeg. This is reflected in its assessed value of $220k, which sits below the local and city-wide averages.
The primary appeal lies in its position as a potentially accessible entry point into a desirable neighbourhood. It suits a specific type of buyer: a first-time purchaser, a downsizer, or an investor looking for a lower-priced foothold in Grant Park. The value proposition is less about the house itself and more about the land and location. For the right buyer, its smaller scale could mean lower utility costs, less maintenance, and a simpler living footprint. It represents an opportunity to secure a property in the area with the potential to renovate or expand over time, making it a strategic purchase rather than a move-in-ready dream home.
Section 2: Frequently Asked Questions
1. Is the living area really only 600 square feet?
Yes. The data confirms the home's living area is significantly below averages for Carter Avenue, Grant Park, and Winnipeg overall. This indicates a very compact layout.
2. Why is the assessed value lower than neighbourhood averages?
The assessed value of $220k is lower than area averages primarily due to the home's small size and age. Value here is driven more by the lot location in Grant Park than by the structure's current attributes.
3. What does the "rank" and "top" percentage data mean?
These metrics compare this property against similar ones. For example, its living area is in the "Top 98%" on its street, which sounds high but actually means it ranks 126th out of 129—it's in the smallest 2% of homes. This is a relative measure of how it stacks up in specific categories.
4. Is this a teardown or renovation project?
Given its age, size, and value positioning, it is likely considered a candidate for a significant renovation or redevelopment. Buyers should budget and plan for updates or an expansion to meet modern living standards.
5. How does the lot size compare?
At 3,749 sqft, the lot is fairly average for Carter Avenue but below the wider neighbourhood and city averages. It provides a standard urban footprint with potential for outdoor space or future additions, subject to local zoning.