Property Overview
This one-and-a-half storey home on Lansdowne Avenue is a classic Winnipeg character property built in 1948. It features a renovated basement, a detached garage, and sits on a larger-than-average lot for the Inkster-Faraday neighbourhood at over 5,000 sqft. With 1,232 sqft of living space, it offers a practical footprint that is competitively sized for the area. The home’s assessed value positions it as an above-average property within its immediate neighbourhood, suggesting a solid level of investment relative to nearby homes. Its appeal lies in its established setting, practical updates, and the space afforded by the lot, offering room for gardening, play, or future projects.
This home would suit a first-time buyer or a practical-minded household looking for a character home without the extreme maintenance of an older century property. It’s also a sensible fit for someone who values a larger outdoor space in a neighbourhood context, rather than seeking a brand-new build. The renovated basement adds functional living space, making it adaptable for a growing family, a home office, or a separate recreation area.
Frequently Asked Questions
What does the "above average" assessment value in the neighbourhood actually mean?
It indicates the municipal assessed value of this home is higher than roughly 89% of similar properties in Inkster-Faraday. This often reflects factors like the renovated basement, lot size, or overall condition compared to the neighbourhood baseline, but it is not a direct marker of current market price.
How does the lot size compare practically?
At 5,178 sqft, the lot is notably larger than many in the area (ranking in the top 10% for the neighbourhood). This provides more private outdoor space than typical, which is a significant advantage for privacy, gardening, or adding a shed or deck.
Is the 1948 build date a concern?
While the home is of an age where some major systems (like plumbing, electrical, or the roof) may need evaluation or updating, it is actually newer than most homes in Inkster-Faraday. This could mean it has had fewer generations of DIY modifications than some older area homes.
What is the context of the last sold price range shown?
The home sold in July 2019 for an estimated range of $24.5k to $27.5k. It’s crucial to note that this is the assessed value sale price, not the full market price. In Winnipeg, this often represents a nominal transfer value for a property that was likely not listed on the open market at that time (e.g., a family transfer). It should not be used as a direct indicator of the home’s current market value.
Are the nearby "similar assessed value" properties also similar in style?
Not necessarily. The list groups homes with an identical municipal assessment ($25.70k) from across different city neighbourhoods. These homes can vary greatly in style, age, and condition. It's a useful financial comparison point but not a guide to similar living experiences.