662 Church Avenue

Property Summary: 662 Church Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, one-and-a-half storey home built in 1913, offering 1,004 sqft of living space on a 3,318 sqft lot in the Inkster-Faraday neighbourhood. Its key appeal lies in its balance of historic character and relative value within its immediate area. While the home is below the citywide averages for size, lot, and age, it stands out locally with an assessed value that ranks above average for Inkster-Faraday. This suggests it is viewed as a solid property within its established community context. A notable feature is the renovated basement, adding functional living space, and the property includes a detached garage.

The home would suit first-time buyers or practical investors looking for an entry point into the Winnipeg market with a character home. Its manageable size and lot offer lower maintenance, while its above-average assessment for the area indicates a well-regarded asset on its street. A thoughtful perspective for buyers is to appreciate that while the home is older and smaller than the city average, it represents a more affordable and community-anchored alternative to newer subdivisions, potentially offering a simpler footprint and lower property tax base relative to citywide benchmarks.

Frequently Asked Questions

1. What does the assessed value tell me about this property?
The assessed value of $24,300 is above the average for the Inkster-Faraday neighbourhood, which is a positive indicator of its relative standing locally. However, it is below the citywide average, reflecting the home’s smaller size and older age compared to the broader Winnipeg market.

2. How does the living space compare to nearby homes?
At 1,004 sqft, the living area is slightly below the average for both Church Avenue and the Inkster-Faraday area. This indicates a cozier, more efficient layout compared to many immediate neighbours, which can mean lower heating costs and less upkeep.

3. Is the lot size a limitation?
The lot is smaller than most on Church Avenue but is close to the average for the Inkster-Faraday neighbourhood. It provides adequate outdoor space for a garden or patio without the burden of extensive lawn maintenance, which can be a benefit for those seeking a low-maintenance yard.

4. What can the last sold price range tell me?
The home sold in August 2017 for an estimated range of $215,000 to $245,000. This historical data provides a benchmark, but the current market value will be influenced by factors since then, including the basement renovation and area market trends.

5. Who might this property not suit?
Buyers needing substantial square footage, a modern open-concept layout, or a large private yard may find this home limiting. Its older construction date also means potential buyers should be prepared for the maintenance considerations typical of a century-old home.