Property Overview: 709 Polson Avenue
Key Characteristics & Appeal
This one-and-a-half storey home on Polson Avenue is a classic Winnipeg property built in 1947, offering a practical and grounded opportunity. Its primary appeal lies in its solid, above-average positioning within the established Inkster-Faraday neighbourhood. With 1,170 sqft of living space and a renovated basement, the home provides functional space for a small family or a couple. A key asset is the lot size—at 4,362 sqft, it is notably larger than many in the immediate area, offering valuable outdoor space and potential.
The data reveals a property that stands out locally more than it does city-wide. Its living area, land size, and assessed value all rank in the top 30% for the Inkster-Faraday area, suggesting it's a well-placed home within its own community context. The detached garage adds practical utility. This home would best suit a value-conscious buyer looking for a character home in a no-frills, established neighbourhood, who prioritizes a generous lot and functional interior space over a modern, downtown-adjacent lifestyle. It represents a chance to own a home that is competitive and comfortable within its local market.
Frequently Asked Questions
1. How does this home compare to others in the city?
While its features are strong for the Inkster-Faraday area, city-wide comparisons show it is around or below average in metrics like living area and year built. Its value is in its local standing—it's a well-above-average home for this specific neighbourhood.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits for this work are not detailed here. A viewing and inquiry with the seller is necessary to understand the finishes and any potential moisture control measures in place.
3. Is the assessed value a good indicator of the selling price?
Not directly. The assessed value for municipal tax purposes is $24,600. The last known sale was between $20.5k and $23.5k in 2017. The current market price will be determined by recent sales, condition, and demand, and will likely be significantly higher than these historical figures.
4. What are the implications of a 1947 build date?
This means the home has character but will likely have original building materials and systems. While the basement has been renovated, a thorough inspection is crucial to understand the condition of the foundation, wiring, plumbing, and roof, which may need updating or maintenance.
5. Why is the lot size considered a key feature?
At over 4,300 sqft, the lot is larger than most in the immediate vicinity. This offers more private outdoor space, better potential for gardening, parking, or additions, and generally provides a greater sense of openness than smaller, tightly packed lots.