Property Overview
668 Church Avenue is a one-and-a-half storey home in Winnipeg’s Inkster-Faraday neighbourhood. Built in 1912, it offers 970 square feet of living space on a 3,073 sqft lot and features a renovated basement and a detached garage.
Key Characteristics & Appeal
This home presents a clear value proposition, primarily through its very low property tax base, as indicated by its assessed value of $17,700. This is a standout feature, making ongoing ownership costs predictable and manageable. The appeal lies in its practicality: it’s a compact, no-fuss property with a modernized basement and off-street parking via the detached garage. It suits first-time buyers seeking an affordable entry into the market, investors looking for a straightforward rental property, or downsizers who prioritize low carrying costs over square footage. A less obvious perspective is that its older age and smaller size compared to area averages suggest an opportunity for someone comfortable with a home that has character and history, without the burden of a large yard or excessive space to maintain.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price?
Assessed value for property taxes is not the same as market value. The low assessment is a key feature, indicating low annual tax bills, but the market price is determined by recent sales of similar homes in the area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to verify during a viewing to understand the home’s full living space and condition.
3. How does the home's size compare to others nearby?
At 970 sqft, the living area is slightly below the average for the immediate street but is quite typical for the broader Inkster-Faraday neighbourhood, indicating it’s a standard-sized home for this specific community.
4. Is the detached garage a standard size, and what is its condition?
The listing notes a detached garage but does not provide dimensions or its state of repair. This is an important point to clarify, as it affects storage and utility.
5. What are the implications of the home being built in 1912?
While offering classic charm, a home of this age likely has older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof, and to budget for potential updates.