Property Overview: 973 Carter Avenue, Grant Park, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1950, presents a practical opportunity in the established Grant Park neighborhood. With 917 sqft of living space and a renovated basement, it offers functional living on a standard city lot of just under 4,000 sqft. The home's assessed value is notably strong for its immediate street, ranking above average among Carter Avenue properties.
Its primary appeal lies in its position as a solid, no-frills entry point into a mature area. The renovated basement adds valuable finished space, increasing its utility. The detached garage provides flexibility for parking or storage. This property would suit first-time buyers seeking a manageable footprint to build equity, or practical investors looking for a straightforward rental property in a central location. It’s a home for those who value location and function over modern size, offering a chance to live in Grant Park without the premium often attached to larger, fully updated homes.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 917 sqft, the living area is fairly typical for Carter Avenue and the Grant Park area, but is below the city-wide average. This indicates a more compact, efficient layout common to many homes of its era in this neighborhood.
2. Why is the assessed value higher than some recent sale prices shown?
The assessed value is a municipal valuation for tax purposes and can differ from market sale prices, which are influenced by current conditions, property condition, and specific buyer demand. The home’s assessment ranks well on its street, suggesting official valuation sees underlying value in the location and lot.
3. What does the "renovated basement" likely include?
While specifics aren’t listed, a renovated basement in a home of this age typically means it has been finished into a livable space, possibly including a family room, bedroom, or bathroom, adding functional square footage beyond the main floors.
4. Is the detached garage a pro or a con?
This depends on buyer preference. A detached garage offers separation and can be versatile, but it requires going outdoors in winter. For some, it’s a classic feature with charm; for others, an attached garage is more convenient.
5. Who are the most likely buyers for this property?
Given its metrics, the most likely buyers are value-conscious first-time purchasers or practical investors. It’s less suited for those seeking a large, modern open-concept layout, and more for buyers comfortable with a classic home footprint who prioritize getting into the neighborhood.