Property Overview & Appeal
This one-and-a-half storey home on Machray Avenue, built in 1926, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. Its key appeal lies in its generous 5,857 sqft lot, which is notably larger than most in the immediate area, offering valuable outdoor space and potential. With 1,112 sqft of living space and an unrenovated basement, the house itself is a functional canvas. The detached garage adds utility. The assessed value is modest relative to the city overall, suggesting an accessible entry point.
This property would suit a value-conscious buyer looking for a home with a sizable yard, who is comfortable with a house of vintage character and sees potential in a property that may require updates over time. It’s a grounded choice for a first-time homeowner, an investor, or someone prioritizing land size over a modern, turn-key interior.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It usually means the basement retains its original or older finishes, mechanical systems, and layout. Buyers should budget for potential updates and include a thorough inspection to assess condition, moisture control, and insulation.
2. How significant is the large lot size?
It's a standout feature. For the Inkster-Faraday neighbourhood, this lot size is in the top 4%, offering more privacy, room for gardening, play space, or future additions like a shed or deck than is commonly available here.
3. The home is older—what should I be mindful of?
Homes from the 1920s have charm but require attention to aging components. An inspection should focus on the foundation, roof, wiring, and plumbing. The positive trade-off for this vintage is often solid construction and character not found in newer builds.
4. How does the assessed value relate to the likely selling price?
The municipal assessed value ($20,300) is for tax purposes and is often significantly lower than market value. The selling price will be determined by current market conditions, the home's specific state, and its desirable lot size.
5. What is the neighbourhood like?
Inkster-Faraday is a established, no-frills residential area. The property's metrics show it is very typical for the neighbourhood in terms of living space, age, and value, but it gains an advantage with its above-average land area.