Property Overview: 664 Mountain Avenue, Winnipeg
Key Characteristics & Appeal
This two-and-a-half storey home, built in 1913, offers a practical blend of character and space in the Inkster-Faraday neighbourhood. Its primary appeal lies in its generous, above-average living area of 1,512 sq ft, which ranks within the top 10% of similar homes on its street and top 6% within the local area. The home features a renovated basement and a detached garage. While the assessed value is typical for the immediate vicinity, it presents a notably more accessible price point compared to the city-wide average, suggesting value within its established community.
The property would suit a buyer looking for a spacious, character home without a premium city-wide price tag. It’s ideal for those who prioritize interior space over a large lot, as the land area is modest but functional. The recent renovations indicate a maintained property, appealing to buyers seeking a balance of historic charm and modern practicality, ready for move-in with potential for further personalization.
Frequently Asked Questions
1. How has the property’s value changed over time?
Based on available sales data, the home sold in the range of $10.5k-$13.5k in late 2017 and then in the range of $21.5k-$24.5k in mid-2021. This indicates significant appreciation between those two sales periods.
2. How does this home compare in size to others nearby?
The living space is a standout feature. It is significantly larger than the average home on Mountain Avenue (1,109 sq ft avg.) and in the Inkster-Faraday area (1,025 sq ft avg.), offering more interior room than most direct neighbours.
3. What does the assessed value tell me about the property taxes?
The assessed value of approximately $20.10k is around the average for both the street and the neighbourhood. This suggests property taxes will likely be in line with other similar homes in the immediate area, though they would be considerably lower than the city-wide average assessed value.
4. Is the lot size a constraint?
The 3,640 sq ft lot is slightly smaller than the street average but very close to the neighbourhood average. It provides a standard urban yard space. Buyers looking for extensive outdoor gardens or additions may find it limiting, but it is typical for the area’s older, character homes.
5. What are the less obvious considerations with a home from 1913?
While the renovated basement is a plus, a home of this age will have a unique history. Prospective buyers should pay special attention to the condition of original elements like foundation, plaster walls, and wiring/plumbing updates. Its above-average size for the area is a major asset, but maintaining a larger, century-old home can involve different considerations than a newer, smaller property.