Property Overview: 615 St. John's Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in the Inkster-Faraday neighbourhood presents a practical opportunity. Built in 1911, it offers 1,116 sqft of living space on a 3,900 sqft lot, with a detached garage and an unfinished basement. Its appeal lies in its straightforward, no-frills profile and its position as a statistically average home within its immediate area. When compared to similar homes on its own street and in the wider neighbourhood, its living space, land area, and assessed value consistently rank in the middle ranges. This suggests a property that is neither oversized nor undersized for the community, potentially offering a stable and predictable entry point.
The home would suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes function and location over modern finishes. The unrenovated basement presents a clear, blank-slate project for future expansion or storage. A less obvious perspective is that its "average" metrics within the local context could indicate a lower risk of overpaying relative to the immediate market, as the home doesn't carry a premium for exceptional size or features. It’s a home that asks for a realistic vision and practical next steps rather than a massive restoration budget.
Section 2: Frequently Asked Questions
1. What does the assessed value tell us about the property?
The assessed value is approximately $20,600. This is around the average for both St. John's Avenue and the Inkster-Faraday area, but it is significantly below the city-wide average for homes. This highlights that property values in this specific location differ from the broader Winnipeg market.
2. Is the living space small?
At 1,116 sqft, it is slightly below the average for homes on its street but slightly above the average for the Inkster-Faraday neighbourhood. It is a compact layout typical of its era, efficient for a smaller household or someone comfortable with cozier quarters.
3. What is the significance of the unrenovated basement?
The basement is noted as "not renovated," meaning it is unfinished. This is a key factor for buyers: it offers potential for future living space, storage, or utilities, but any development would require a full investment of time and money. It is not a move-in-ready living area.
4. How does the year built (1911) affect the home?
At 115 years old, this is an older character home. Buyers should anticipate the need for maintenance and systems updates consistent with its age. While it ranks around average for age on its street, it is older than most homes in the wider city.
5. Where can I find the exact historical sale price?
The listing indicates that exact sold prices are not publicly displayed. The provided range for a July 2020 sale is based on public data estimates. To obtain the precise sale history, you must request it directly via the email option provided on the listing page.