Property Overview
636 Anderson Avenue is a one-storey home in Winnipeg's Inkster-Faraday neighbourhood. Built in 1926, it features a renovated basement and a detached garage on a 4,443 sqft lot. With 896 sqft of living space, it is a compact home that presents a specific value proposition within its local market.
Key Characteristics & Appeal
This home’s primary appeal lies in its strong assessed value relative to its immediate area. While its living space is below average for the city, its assessed value ranks in the top 13-18% within its own neighbourhood and street, suggesting it is viewed as a solid asset in its local context. The renovated basement adds functional space, and the lot size is above average for Inkster-Faraday, offering good outdoor potential.
It would suit a pragmatic, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes equity and lot size over square footage. It’s for someone who understands that a home's value is often hyper-local; here, you’re acquiring a property that stands above its direct peers in assessment, even if it isn't a large home by broader city standards. The detached garage and updated basement are practical assets for this buyer profile.
Frequently Asked Questions
1. Is the living space too small?
At 896 sqft, the home is compact. However, the renovated basement provides additional functional area. It's best suited for individuals, couples, or small families who prioritize efficient living and a larger lot over interior square footage.
2. Why is the assessed value so high for the home's size?
The assessed value of $25.1k ranks well above the neighbourhood average. This typically reflects the property's overall condition, the renovated basement, lot size, and its desirability within the very specific context of Anderson Avenue and Inkster-Faraday.
3. What does the sold price history indicate?
The home sold in December 2020 for an estimated $21.5k-$24.5k. This past sale price, close to the current assessed value, suggests a stable and appreciating market for this specific property type in the area.
4. Are older homes like this a concern?
Being 100 years old, common considerations include the age of major systems (roof, wiring, plumbing) and potential need for updates. The renovated basement is a positive, but a thorough inspection is always recommended for a home of this vintage.
5. How does the lot size compare?
The 4,443 sqft lot is a key feature. It's larger than many lots in the Inkster-Faraday neighbourhood, offering more private outdoor space than typical local comparables, which is a significant advantage.