Property Overview: 987 Carter Avenue, Grant Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in the established Grant Park neighbourhood presents a practical and grounded opportunity. Its key characteristics include a 900 sqft living area, a renovated basement, and a notably generous 4,098 sqft lot for the area, providing above-average outdoor space compared to its immediate street and neighbourhood. Built in 1950, the home is older than many on its street but sits in a mature community with settled charm.
The appeal lies in its position as a solid, no-frills property in a desirable location. It suits first-time buyers, downsizers, or practical investors looking for entry into a well-regarded area without a premium price tag. The renovated basement adds functional living space, while the large lot offers potential for gardening, expansion, or simply more privacy than newer, denser subdivisions provide. A thoughtful perspective is that while the home’s size is modest city-wide, its lot size and location in Grant Park offer a value proposition that isn't immediately apparent in the square footage alone. It’s a property where the land and location contribute significantly to its worth.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The assessed value is around average for both Carter Avenue and the broader Grant Park neighbourhood, suggesting it is priced consistently with its local market. It was last sold in March 2022.
2. Is the living space sufficient for a small family?
At 900 sqft, the living area is below the city average. It may be cozy for a growing family but could work well for a couple, a single person, or a small family comfortable with efficient use of space, especially with the additional renovated basement area.
3. What are the implications of the larger lot size?
The lot is significantly larger than many on the same street. This can mean more yard space, better potential for landscaping or outdoor living, and possibly more future options, though always subject to local zoning bylaws.
4. The home was built in 1950. What should I consider?
While the structure is older, the renovated basement indicates some updates. A prospective buyer should budget for standard maintenance expected of a home of this age and consider a thorough inspection to assess the condition of major systems like plumbing, electrical, and the roof.
5. Are there any garage or parking facilities?
The listing specifies there is no garage. Buyers should verify on-street parking regulations or the potential to create a dedicated parking pad on the large lot.