Property Overview: 657 Lansdowne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in the Inkster-Faraday neighbourhood. Its key appeal lies in a balanced set of fundamentals: a renovated basement, a detached garage, and a living area (1,218 sq ft) that is comfortably above average for both the immediate street and the wider neighbourhood. A standout feature is the land size—at 5,630 sq ft, the lot is significantly larger than most in the area, offering valuable outdoor space and potential.
The home’s assessed value positions it as a above-average property within Inkster-Faraday, suggesting solid value for the locale. It suits buyers looking for a character home with room to breathe, possibly first-time homeowners or those seeking a straightforward, no-frills property without the premium of a newer build. Its appeal is grounded in space and practicality rather than luxury, offering a chance to own a home with a generous lot in a neighbourhood where that is becoming less common.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in April 2019 for an estimated $22.5k-$25.5k, which aligns closely with its current assessed value of $24.5k. This suggests a stable valuation in line with the recent market history for the property.
2. Is the living space typical for the area?
Yes, at 1,218 sq ft, the living area is above average for both Lansdowne Avenue and the broader Inkster-Faraday neighbourhood, ranking in the top third locally. This means it offers more interior space than many comparable homes nearby.
3. What does the "above average" land size mean practically?
With a lot size of 5,630 sq ft, this property ranks in the top 6% for land area in Inkster-Faraday. This translates to a much larger yard than most neighbours, providing extra privacy, room for gardening, play, or future additions like a shed or deck.
4. The home was built in 1948. What should I consider?
While the basement has been renovated, the core structure is 78 years old. Prospective buyers should budget for maintenance consistent with a home of this era and consider a thorough inspection to assess the condition of major aging components like the roof, wiring, and plumbing.
5. How does this property fit within the wider Winnipeg market?
City-wide, this home sits in a different context. Its assessed value is below the city average, while its lot size is around average. This highlights that its primary value proposition is specific to the Inkster-Faraday area, where it represents a spacious property at a local value point.