Property Overview
This one-storey home on a large lot presents a specific and practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. Built in 1926, its key appeal lies in the land itself rather than the current structure.
Key Characteristics & Ideal Buyer
The primary asset here is the 6,146 sqft lot, which is exceptionally large for the area—ranking in the top 2% of the neighbourhood. This generous outdoor space offers significant potential for gardening, expansion, or future redevelopment. The house itself is modest at 912 sqft with an unrenovated basement, and its assessed value is relatively low. This creates a clear value proposition: you are purchasing substantial land with an existing, livable home included.
Its appeal lies in foundational value and potential. It suits a buyer comfortable with a project, whether that's gradual DIY updates, planning for a future new build, or simply valuing ample private outdoor space over a large or modern interior. It's a pragmatic choice for a first-time buyer seeking an affordable entry into the market with room to grow, or an investor looking at long-term land value. A less obvious perspective is its appeal to those seeking a simpler footprint without the upkeep of a larger home, where the lot serves as the primary living and recreational space during warmer months.
Frequently Asked Questions
1. Is the house in livable condition?
The listing notes the basement is unrenovated. While the main floor appears functional, the age of the home (1926) suggests prospective buyers should budget for updates and a thorough inspection to assess overall condition.
2. Why is the assessed value so much lower than typical city homes?
The assessed value reflects the property's current state and market position within its specific area. It is in line with neighbourhood averages for Inkster-Faraday, indicating the valuation is based on the existing home and lot combination as-is.
3. What can I do with such a large lot?
The lot size is the standout feature. It provides ample space for additions like a large garage, workshop, or garden. It also future-proofs the property, potentially making it a candidate for a tear-down and rebuild or a subdivision, subject to city zoning approvals.
4. How does the sold price history work?
The listed sold price is a range based on public data. To obtain the exact historical sale price, you must request it via email from the site, as they manually verify and provide the precise figure.
5. Are the nearby "similar value" properties actually comparable?
The listed properties with similar assessed values are from across Winnipeg and are primarily for assessment comparison. For a true sense of the local market, focus on the "Nearby properties" on Church Avenue and the "Worth viewing" homes within the Inkster-Faraday neighbourhood.