Property Overview: 591 Machray Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home on Machray Avenue in the Inkster-Faraday neighbourhood offers a compelling mix of space, value, and location-specific appeal. Its key characteristic is its generous 1,804 sqft of living area, which ranks well above average for both the immediate street and the broader neighbourhood, suggesting a home with ample room for a family or those needing extra space. The property includes a detached garage and a full, unrenovated basement, presenting a blank canvas for future expansion or customization.
The primary appeal lies in its value proposition within its local context. While its 1913 build date means it requires a buyer comfortable with the upkeep of a century-old home, its assessed value is notably above average for Inkster-Faraday. This indicates a property that is perceived as a solid asset within its community. The lot, while smaller than others on the street, is close to the neighbourhood average, offering manageable outdoor space.
This home would best suit a practical buyer looking for maximum interior space in this area, potentially a growing family or an investor. It’s ideal for someone who values the established character of an older home and sees potential in a basement awaiting their personal touch, rather than seeking a move-in-ready, modern renovation. The recent sale in late 2022 also suggests a property with a known, contemporary transaction history, adding a layer of predictability for valuation.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
City-wide, the assessed value is below the Winnipeg average. Its strength is hyper-local, ranking significantly higher within the Inkster-Faraday neighbourhood itself, making it a above-average property for this specific community.
2. What should I know about the basement?
The listing notes the basement exists but is "not renovated." Buyers should budget for potential updates and anticipate a professional inspection to assess its current condition, moisture control, and suitability for future finishing.
3. Is the lot size a concern?
At just under 4,000 sqft, the lot is smaller than many on Machray Avenue but is typical for the wider neighbourhood. It offers a lower-maintenance yard, which could be an advantage for some, but limits expansive landscaping or additions.
4. Given its age, what are the major system considerations?
Built in 1913, the roof, plumbing, electrical, and foundation should be priority inspection items. While this age is common for the area, potential buyers should be prepared for the maintenance and updating typical of a 110+ year-old structure.
5. How reliable are the sold price figures shown?
The listed sold price range from late 2022 is based on public data. The site offers to provide the exact sold price via email upon request, as they manually verify the official transaction records for accuracy.