Property Overview: 613 St John's Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, one-and-a-half storey house built in 1912, situated on a standard-sized lot in the Inkster-Faraday neighbourhood. Its key defining characteristic is its modest scale, with a living area of 680 sq ft, which is notably smaller than most homes on its street and across Winnipeg. The basement exists but is not renovated, there is no garage, and the property has a very low municipal assessed value.
The primary appeal lies in its position as an entry-point property. It represents one of the most accessible homeownership opportunities in the city, suitable for a buyer with a minimal budget, such as a first-time purchaser willing to undertake renovations, or an investor looking for a straightforward rental property. Its older vintage may hold charm for someone interested in a character home, albeit one requiring updates. A less obvious perspective is its potential for efficient, low-cost living—smaller spaces mean lower utility bills and less maintenance, which can be a strategic financial advantage. This property suits a pragmatic buyer who views a home primarily as a functional asset rather than a lifestyle statement, and who is prepared for the work and investment needed to improve it over time.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's relatively small size, older age, and likely the condition and features compared to the broader Winnipeg market. It is more in line with values for similar compact, older homes in its immediate area.
2. What does "Top 98%" for Living Area mean?
This statistic means that 98% of homes in Winnipeg have a larger living area. For this property, it ranks 193rd out of 197 homes on St. John's Avenue by size, confirming it is one of the smallest houses available.
3. Is the sold price history reliable?
The listed sold price is an estimated range based on public data. For the exact historical sale price, you must request it directly via the provided email service, which manually confirms the accurate figure.
4. What are the implications of an unrenovated basement?
An unrenovated basement typically means the space is in a rough, unfinished state—likely concrete floors and exposed walls—and would require significant investment to be used as comfortable living or storage space. It should be inspected for moisture issues common in older homes.
5. Who would this property not be suitable for?
It would not suit buyers looking for a move-in-ready home, those who need multiple bedrooms or ample space for a family, or anyone unwilling to manage renovations and the ongoing maintenance of a 114-year-old structure.