Property Overview: 626 Machray Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1929, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 1,113 sqft of living space and a renovated basement, it offers functional living areas. A key feature is its 5,149 sqft lot, which is notably above average for the immediate area, providing valuable outdoor space and potential. The detached garage adds practical storage or workshop space.
The appeal here is grounded in value and practicality. While the home's size and age are average for the city overall, its assessed value ranks highly within its own neighbourhood, suggesting it may represent a solid value proposition within this specific community. The renovated basement adds modern utility to a classic structure. This property would suit first-time buyers seeking a home with character and yard space, or value-focused investors looking for a manageable rental property in a stable area. It’s a home that prioritizes lot size and neighbourhood-level value over high-end finishes or square footage.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is in the top 23% for the Inkster-Faraday neighbourhood, meaning it is considered above average for this specific area, even if it is below the citywide average.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, permits, and whether it includes a separate entrance or legal suite potential.
3. Is the lot size a significant advantage?
Yes. The lot is over 5,000 sqft, which ranks in the top 10% for the neighbourhood. This is a standout feature, offering more private outdoor space than most nearby properties, which is a valuable asset.
4. What is the historical price trend?
Public data shows it last sold between $205,000 and $235,000 in September 2021. The current assessed value is $234,000. For exact historical sold prices, you can request the information directly via the listing page.
5. What are the considerations with a 1929 home?
While charming, a home of this age requires diligent inspection. Key focuses should be the foundation, original wiring and plumbing updates, roof condition, and insulation. The renovated basement should be checked for proper moisture control.