Property Overview: 617 Lansdowne Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Lansdowne Avenue is a practical and well-situated property in the Inkster-Faraday neighbourhood. Built in 1947, it offers 1,162 sqft of living space and sits on a notably generous 5,178 sqft lot, which is well above average for the area. A key feature is the renovated basement, adding functional living space, and the property includes a detached garage.
Its primary appeal lies in its strong standing within the immediate community. The assessed value ranks in the top 5% for the Inkster-Faraday area, suggesting it is a well-maintained or improved home relative to its neighbours. The above-average lot size offers valuable outdoor space and potential in a neighbourhood where lots are typically smaller. This home would suit a first-time buyer or a practical investor looking for a solid, no-frills property in a mature neighbourhood. It’s for someone who values space over newness, appreciates the character of a post-war home, and sees the upside in a large yard and recent basement updates.
Section 2: Frequently Asked Questions
1. How does this home’s value compare?
While its city-wide assessed value is below the Winnipeg average, it’s crucial to note it ranks in the elite top 5% within the Inkster-Faraday neighbourhood itself. This indicates it is likely a higher-quality or better-updated home compared to most immediate peers.
2. Is the lot size a significant feature?
Yes. At over 5,000 sqft, the lot is significantly larger than the area average (top 10% in Inkster-Faraday). This provides more private outdoor space than is typical, which is a considerable asset for gardening, play, or future expansion.
3. What does the "renovated basement" typically mean for a home of this era?
For a 1947 home, a renovated basement often means updated flooring, walls, and lighting to create a more livable, functional space. It’s important to clarify the scope and quality of the renovation, as it adds valuable square footage to the overall living area.
4. The home sold recently in late 2024. What does that data indicate?
The sold price range from late 2024 provides a very current market benchmark. Comparing this final sale price to the assessed value can offer insight into how the market valued the home’s specific condition and features versus the city’s assessment.
5. How does the age of the home factor in?
Built in 1947, the home is newer than many in the area (top 10% for year built in Inkster-Faraday). While still a mature property, this suggests potentially fewer issues common to much older foundations and systems, though a thorough inspection for its specific age is always recommended.