Property Overview: 662 Mountain Avenue, Winnipeg
Key Characteristics & Appeal
This two-and-a-half storey home, built in 1912, offers a practical footprint with 1,232 sqft of living space. Its key appeal lies in its established, no-frills character within the Inkster-Faraday neighbourhood. The home presents a straightforward opportunity: it has a functional basement and sits on a standard city lot, but lacks modern renovations, a garage, or a pool.
Its primary strength is relative space. The living area ranks above average for both its street and neighbourhood, meaning you get more interior room than many comparable local homes. The assessed value is very modest, especially when viewed citywide, positioning this as an accessible entry point into the Winnipeg market. This property would suit a hands-on buyer looking for a project—someone comfortable with a home that needs updating but offers solid baseline space. It could also appeal to an investor seeking a rental property with a low entry cost, given the neighbourhood's typical values. A less obvious perspective is that a home of this age and condition offers clarity; there are no recent, potentially hidden renovations to scrutinize, and the scope for adding value through thoughtful updates is clear.
Frequently Asked Questions
1. What does "above average" living area actually mean for this home?
It means that compared to similar homes on Mountain Avenue and in the Inkster-Faraday area, this house has more interior space than most. It's a standout feature in an otherwise average-to-modest property profile.
2. Why is the citywide assessed value ranking so low (Top 91%)?
The assessed value is very low compared to the Winnipeg average because it reflects the home's unrenovated condition, age, and its location in a neighbourhood with generally modest property values. It indicates an affordable entry point in the broader market.
3. What should I expect with a 1912 build?
You should anticipate older building materials, systems (like wiring and plumbing) that likely need evaluation, and a layout characteristic of early 20th-century design. The charm of character comes with the responsibility of ongoing maintenance and potential upgrades.
4. The last sold price range (2019) is close to the current assessed value. What does that suggest?
It suggests market stability for this specific property type in this area over the last several years. The assessed value hasn't surged, indicating it hasn't been subject to speculative flipping or major market inflation, which can be a point of predictability for a buyer.
5. What are the practical implications of having no garage?
This means relying on street parking, which requires consideration of local parking bylaws and winter parking bans. It also means all storage, workshop space, and vehicle protection must be addressed within the home or yard.