Property Overview: 713 College Avenue, Winnipeg
Key Characteristics & Appeal
This is a practical, century-old two-storey home in the Inkster-Faraday neighbourhood. Its key characteristics include 1,168 sqft of living space, a detached garage, and an unrenovated basement, sitting on a standard city lot of 3,628 sqft. Built in 1914, the home presents a classic footprint.
The appeal lies in its position as a solid, average-sized home within its immediate area. The data shows it consistently ranks around or above the neighbourhood average for living space, assessed value, and lot size. This suggests a property that holds its own locally without standing out as exceptionally large or small. Its assessed value is notably above average for the street, which can indicate a well-maintained structure or favourable lot attributes compared to direct neighbours.
This home would suit a value-conscious buyer looking for an honest, no-frills property in a established community. It’s a potential fit for a first-time homeowner comfortable with a home that may require personalization over time, or an investor seeking a straightforward rental property with a stable assessment history. The unrenovated basement represents both a cost-saving at purchase and a clear opportunity for future expansion or improvement.
Frequently Asked Questions
1. What does "above average assessed value for the street" actually mean?
It means the city’s assessment for this property is higher than most on College Avenue. This typically reflects the property’s condition, size, and features relative to its immediate neighbours, not the market sale price. It can be a sign of good upkeep.
2. Is the unrenovated basement a major concern?
Not necessarily. It means the basement is in original or functional condition, without finished living spaces. It offers utility space and clear potential for future development, but a professional inspection is advised to check for foundational or moisture issues common in homes of this age.
3. How does the age of the home (1914) affect ownership?
A 110-year-old home has character and solid construction, but systems like wiring, plumbing, and the roof may have been updated over time. Budgeting for maintenance and understanding the history of major upgrades will be more important than with a newer build.
4. The sold price history shows a range. How can I get the exact figure?
The listing service notes that exact historical sale prices are available upon direct request via email. They provide this data manually and state they do not use contact information for unsolicited marketing.
5. What is the context of the "city-wide" rankings being lower?
The home ranks lower in city-wide comparisons for value, year built, and lot size because it’s being measured against all Winnipeg properties, including newer suburban homes on larger lots. Its stronger rankings within its own neighbourhood and street are more relevant, highlighting it as a competitive property in its local market.