Property Overview & Key Characteristics
This one-and-a-half storey home on Anderson Avenue in Winnipeg’s Inkster-Faraday neighbourhood presents a practical opportunity. Built in 1924, it offers 1,040 sqft of living space with a detached garage and a full, unrenovated basement. The lot size of 4,856 sqft is notably above average for the immediate area, providing valuable outdoor space.
Its appeal lies in its position as a straightforward, no-frills property. The assessed value is modest, especially when viewed citywide, suggesting an accessible entry point into the market. The home doesn’t stand out for size or updates, but for its proportionally generous lot in a neighbourhood context. It would suit a first-time buyer comfortable with a home that may require gradual updates, or an investor looking for a functional rental property. The value is in the land and the fundamentals, not in turn-key finishes.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value is significantly below the citywide average, which is typical for older, more modest homes in this area. It indicates a lower property tax base but is not a direct marker of market selling price.
2. How does the lot size compare?
At nearly 5,000 sqft, the lot is a key feature. It ranks well above the neighbourhood average, meaning you’re getting more outdoor space than many nearby properties, which could allow for gardening, expansion, or simply more privacy.
3. What should I know about the "unrenovated basement"?
This indicates the basement is functional but in its original or older state. It offers space for storage, laundry, or potential future development, but any significant finishing would be a project for the buyer.
4. The home last sold in 2020. Is that recent data relevant?
The sold price range from 2020 provides a historical benchmark, but market conditions have likely shifted. It’s best used as a general reference point for how the property was valued in the recent past, not as a current valuation.
5. The home ranks "around average" on most metrics for its street and area. What does that mean?
This suggests the property is very typical of the Inkster-Faraday community. You are not paying a premium for standout features, nor are you dealing with major drawbacks compared to immediate peers. It represents a solid, median example of housing stock in this locale.