Property Overview: 656 Lansdowne Avenue
Key Characteristics & Appeal
This is a compact, historic one-and-a-half storey home built in 1907, presenting a straightforward and affordable entry point into Winnipeg’s housing market. Its key characteristics are defined by its modest scale: with 672 sqft of living space and a 2,878 sqft lot, it is smaller than most homes on its street, in the Inkster-Faraday neighbourhood, and across the city. The home includes a basement and a detached garage. Its assessed value is notably low compared to broader city averages, reflecting its size and condition.
The primary appeal lies in its affordability and potential. It suits a specific buyer: someone seeking a minimal property tax burden, an investor looking for a low-cost rental property, or a hands-on buyer with a vision for a small-footprint renovation or expansion. Its age offers character, but also implies a need for careful inspection. A less obvious perspective is that its small size and lot could be seen as a feature for those prioritizing simplicity and lower maintenance costs over space. It’s not a home for those needing ample room, but rather a practical canvas for the right buyer.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based primarily on the home's very modest square footage, its age, and its unrenovated condition compared to the typical Winnipeg home, which is larger and newer.
2. What does "below average" in the rankings mean for a buyer?
It quantifies that this home is smaller, on a smaller lot, and has a lower assessed value than the majority of comparison properties. This isn't inherently negative—it directly enables its affordability.
3. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated," meaning it is likely in a raw, utility-state condition.
4. How reliable are the sold price ranges shown?
The ranges are based on public data. The site offers to provide the exact sold price via email to ensure accuracy, as these figures are important for understanding market value.
5. Given its age, what should be a top inspection priority?
While all systems need checking, a home from 1907 requires particular attention to the foundation, structural framing, electrical wiring, and plumbing, as these may be original or outdated.