Property Overview: 690 Anderson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1931, offers a practical footprint with above-average living space for its Inkster-Faraday neighbourhood. At 1,420 sqft, it provides more room than most comparable homes in the immediate area. It sits on a decent-sized lot (4,676 sqft) that is larger than many in the community, offering potential for outdoor space or gardening. The home features a basement and a detached garage.
Its primary appeal lies in its value proposition within a specific market segment. The assessed value is modest and in line with area averages, suggesting an accessible entry point into homeownership. It suits buyers looking for a functional, no-frills property where they can live comfortably while possibly applying sweat equity over time. It would be a practical fit for first-time buyers, investors seeking a rental property, or those who prioritize space and lot size over modern renovations. A less obvious perspective is that its established age and neighbourhood ranking indicate a stable, non-speculative part of the market—a home that has served generations and offers a sense of grounded permanence.
Section 2: Frequently Asked Questions
1. What is the actual sold price history?
The available public data shows a sale in March 2023 in the range of $19.5k to $22.5k. For precise historical sold prices, you must request the exact figures directly from the listing service via email, as this information is not fully disclosed in public records.
2. What does "above average for the area" really mean for the living space?
It means that among similar homes in the Inkster-Faraday neighbourhood, this house's square footage (1,420 sqft) ranks in the top 9%, making it notably more spacious inside than most direct comparables.
3. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated."
4. How does the assessed value compare to the wider Winnipeg market?
The assessed value is significantly below the Winnipeg city-wide average for homes, placing it in the top 91% (meaning only 9% of city homes are assessed lower). This highlights the property's positioning in a more affordable segment of the overall market.
5. What are the implications of the home's age (built 1931)?
The age suggests potential for character and solid construction, but buyers should budget for maintenance and updates consistent with a 95-year-old home. It is, however, newer than the average home on its own street.