Property Overview
This one-and-a-half storey home on Lansdowne Avenue is a classic Winnipeg property built in 1947. It offers 1,160 sqft of living space and sits on a 4,143 sqft lot, with a renovated basement and a detached garage. Its assessed value positions it as an above-average property within the Inkster-Faraday neighbourhood itself, suggesting it may offer good value relative to its immediate area. The home last sold in 2017.
Key Characteristics & Appeal
This home presents a practical opportunity in a mature neighbourhood. Its primary appeal lies in its solid, no-frills foundation: a functional layout, a renovated basement adding usable space, and a detached garage. The data indicates it is a competitively sized property for its area, both in living and land area, often ranking above neighbourhood averages. This isn’t a luxury property, but a well-placed one within its local context.
It would suit first-time buyers or practical investors looking for an entry into the market with immediate livability and a focus on value over prestige. The renovated basement is a key asset, offering flexibility for a family, a home office, or rental potential. A buyer who values a established community character over a brand-new build, and who understands that a home's value is often most relevant when compared to its direct neighbours, will see the potential here.
Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
While its assessed value is below the city-wide average, it ranks significantly higher (Top 18%) within the Inkster-Faraday neighbourhood. This suggests it represents a stronger value proposition locally than a city-wide comparison might indicate.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to verify during a viewing, including ceiling height, moisture control, and the quality of the renovation to understand its true value and functionality.
3. Is the detached garage insulated or heated?
This information is not provided. The condition and potential of the detached garage—whether it’s suitable for vehicle storage, a workshop, or requires updates—is an important factor for utility and cost.
4. How current is the sold price data?
The last recorded sale was in September 2017. The market has likely changed since then, so this historical price is a reference point, not an indicator of current value. An updated market evaluation would be necessary.
5. The home was built in 1947. What should I look out for?
While the basement has been renovated, a home of this age warrants a close inspection of major original systems. The condition of the roof, wiring, plumbing, and the foundation should be prioritized in a professional home inspection.