Property Summary: 727 College Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in the Inkster-Faraday neighbourhood presents a practical opportunity with a classic foundation. Its key characteristic is a well-proportioned 1,380 sqft of living space, which is notably above average for both the immediate street and the wider neighbourhood. This offers more room than many comparable local properties. The home sits on a standard city lot and includes a detached garage. Built in 1913, it carries the inherent charm and solid construction of its era, though the basement is noted as unrenovated.
The primary appeal lies in its value proposition as a spacious, established home in a mature community. It suits buyers looking for a genuine character home with room to grow or adapt over time, particularly those with the vision or willingness to undertake updates. A thoughtful perspective is its assessed value, which is consistent with its immediate area but sits well below the citywide average, potentially indicating a more accessible entry point into the Winnipeg market. This property would likely suit a handy first-time buyer, an investor looking for a solid rental property, or someone seeking a affordable larger footprint who is comfortable with a home that has a history and some deferred maintenance.
Frequently Asked Questions
1. What is the exact recent sold price history?
Public records show a sale in June 2022 in the range of $19.50k to $22.50k. For precise historical sale figures, you can request the exact data via email from the listing source.
2. How does the living space compare to other homes?
At 1,380 sqft, the living area is in the top 21% on College Avenue and the top 10% within the Inkster-Faraday neighbourhood, meaning it is significantly more spacious than most direct comparables.
3. What does "basement not renovated" imply?
This indicates the basement remains in a largely original or utilitarian state. Buyers should budget for potential updates and consider a thorough inspection to understand the condition of foundational systems, which is typical for a home of this age.
4. Is the assessed value a reliable indicator of the market price?
The assessed value for municipal taxes is $18.70k, which is average for the area. It's important to note that this is not a market appraisal. The significant gap between this figure and the citywide average assessed value highlights the substantial variation in property values across different Winnipeg neighbourhoods.
5. What are the comparable properties nearby?
Similar homes on the same street (e.g., 714, 644 Mountain Ave, 785 Boyd Ave) are of similar vintage (1912-1913) and assessed value, though this specific listing often has a larger living area. This consistency suggests a stable, established streetscape.