Property Overview: 551 Lansdowne Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Lansdowne Avenue is defined by its generous, above-average lot size—a standout feature placing it in the top 2% of properties in its immediate area and neighborhood. With 6,474 square feet of land, it offers significant outdoor space and potential that is rare for the Inkster-Faraday area. The 1,344 sqft living area is comfortably sized, ranking well above local averages. A renovated basement and a detached garage add to its functional appeal.
The home’s primary appeal lies in this balance of established character and practical space. It suits buyers looking for a home with room to grow, garden, or entertain outdoors without moving to the city's outskirts. It’s particularly well-matched for those who value a larger private yard over a brand-new build, as the house itself is from 1948. The assessed value is strong for the neighborhood, suggesting a solid investment within a community context, even if it’s more modest by wider city standards. This property is ideal for a practical buyer—perhaps a young family, a hands-on homeowner, or an investor—who sees the lasting value in land and is comfortable with the upkeep of a mature home.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg properties?
The lot is 6,474 sqft, which is significantly larger than most in the Inkster-Faraday area (top 2%) and remains above average citywide. This is one of the property's most defining assets.
2. What does the "above average" assessed value for the neighborhood mean?
It means that, compared to similar homes in Inkster-Faraday, this property’s assessed value is in the top 7%. This can indicate a well-maintained home or desirable lot within its local market, though assessments are not market valuations.
3. The home was built in 1948. What should I consider?
While the basement has been renovated, a home of this age will likely have older core systems (like plumbing or electrical) and require a thorough inspection. The character and build quality can be excellent, but budget for ongoing maintenance.
4. How does the living space feel for a 1,344 sqft home?
The layout across one-and-a-half storeys can feel spacious, but room sizes and flow depend on the specific floor plan. It’s advisable to visit to see if the space meets your needs, as square footage alone doesn’t capture layout efficiency.
5. Where can I find the exact historical sale price?
The listed sale price range is based on public data. For the precise sale price from March 2020, you must request it directly via the email tool provided on the listing page. The service is manual but prompt, with no marketing spam.