Property Summary: 615 Mountain Avenue
Section 1: Key Characteristics & Appeal
This one-storey home on Mountain Avenue in Inkster-Faraday is defined by its compact size and significant lot. With 616 square feet of living space, it is notably smaller than most area homes, placing it in the top 96% for size (meaning only 4% of comparable homes are smaller). This creates a distinct profile: a modest, efficient living space on a generous 5,144 sqft lot that is well above average for the immediate neighbourhood.
The primary appeal lies in its potential as a foundational investment. The very low assessed value reflects the home's condition and size, making it one of the most accessible entry points into the Winnipeg market. It suits buyers seeking a minimal footprint, such as first-time homeowners comfortable with a fixer-upper, downsizers looking for simplicity, or investors interested in the land value and future redevelopment potential. The detached garage adds practical utility. A thoughtful perspective is that its smaller scale offers lower ongoing utility and maintenance costs, while the larger-than-average lot provides valuable outdoor space or future flexibility that many newer, denser developments lack.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific characteristics, including its smaller living area, age (built in 1939), and the condition of the unfinished basement. It is assessed in line with similar, very modest homes in its immediate area.
2. What does the "top 96%" ranking for living area mean?
This statistic means that 96% of comparable homes in Winnipeg have a larger living area. For this property, it confirms that the 616 sqft home is significantly more compact than the typical city house.
3. Is the large lot a major advantage?
Yes. With 5,144 sqft, the lot size is in the top 10% for the Inkster-Faraday neighbourhood. This is a key feature, offering more private outdoor space than most nearby properties and providing options for gardening, expansion, or future redevelopment, subject to zoning.
4. How reliable are the sold price ranges shown?
The listed price ranges are estimates based on public data. For the exact historical sold price, you must request it via the provided email service, which manually confirms the accurate figure from official records.
5. What is the immediate neighbourhood like for a home of this size?
The home is among the smallest in the area, where average living spaces are larger. This suggests a community of predominantly more spacious homes, but with property taxes likely reflecting this home's lower value. Nearby sales, like the referenced 644 Mountain Avenue, indicate a mix of older, character homes in the area.