Property Overview: 720 College Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 720 College Avenue is defined by its modern age in a neighborhood of much older properties. Built in 2015, it is newer than over 99% of homes in the immediate Inkster-Faraday area, offering a significant advantage in terms of modern construction standards, systems, and likely lower immediate maintenance needs. With 901 sqft of living space and an unrenovated basement, it presents a compact, efficient layout.
The primary appeal lies in this balance of a contemporary structure within an established, affordable neighborhood. Its assessed value is notably above average for the local area, reflecting its relative newness. However, the lot is compact at 2,322 sqft, meaning minimal exterior upkeep but limited private outdoor space. This property would suit first-time buyers or practical investors seeking a turnkey, modern home without the premium of a brand-new subdivision, or those who prioritize a newer building envelope over square footage. It’s a pragmatic choice for someone looking to avoid the hidden costs and surprises often found in century-old homes, while accepting a smaller footprint.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
No, it reflects Winnipeg’s assessment system, where value is relative. This home’s assessment is actually above average for its street and neighborhood, indicating it’s valued higher than most nearby properties due to its new construction.
2. What does "basement not renovated" mean?
It indicates the lower level is unfinished or in a basic state. This is common in newer bi-levels and can be a positive, allowing the buyer to finish it to their own specifications and potentially add value.
3. How does the small lot size impact living here?
The compact lot means very little yard maintenance, which is a benefit for those seeking a low-maintenance property. The trade-off is limited private outdoor space for gardening or recreation.
4. The home sold for between $19.5k-$22.5k in 2016. Is that accurate?
Yes, that is the public data range for its last sale. For the precise sale price, you can request it via email from the site; this is a common practice to ensure data accuracy before it's publicly posted.
5. Why compare this home to ones built in the 1910s?
The comparisons show what is typical in the immediate area. They highlight this property’s key differentiator: its 2015 build year stands out dramatically, offering a fundamentally different ownership experience regarding upkeep and systems compared to the neighborhood's predominantly century-old housing stock.