Property Overview: 729 College Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-and-a-half storey home, built in 1913, presents a compelling mix of historic character and practical space. Its primary appeal lies in its generous 1,670 sqft living area, which ranks in the top 9% of homes on its street and the top 3% within the Inkster-Faraday neighbourhood. This suggests a home with ample room for a growing family or those who value spacious interiors over a large yard. The property features a renovated basement, adding functional living or storage space.
The home’s assessed value is notably modest compared to the Winnipeg city-wide average, positioning it as an accessible entry point into homeownership. Its value and size are significantly above average for its immediate area, offering more house for the dollar within a established community. This property would suit first-time buyers or practical investors seeking character and space without a premium price tag. It also appeals to those who prefer a neighbourhood home's proportions and heritage, built in an era of solid craftsmanship, over a newer build on a suburban lot. The trade-off is a land size that is average for the area but smaller than the city norm, prioritizing interior space over extensive outdoor grounds.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the likely selling price?
The assessed value for tax purposes is $22,700, which is a fraction of the city-wide average home assessment. This typically indicates a very affordable price point, but the final sale price is determined by the market. Historical data shows a sale in 2019 between $19.5k and $22.5k.
2. How does the living space compare to nearby homes?
This home is notably larger than most in the vicinity. It has about 500 more sqft than the average comparable home on College Avenue and over 600 more sqft than the Inkster-Faraday neighbourhood average.
3. What are the implications of the home’s age (1913)?
While offering classic architecture and sturdy construction, a 113-year-old home requires diligent maintenance. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which may have been updated over time.
4. Is there a garage or parking?
The listing specifies there is no garage. Buyers should verify on-street parking regulations or the potential to create a dedicated parking spot on the property.
5. The home ranks highly in the neighbourhood but lower city-wide. What does this mean?
This highlights the property’s standout qualities within its local context. You are getting a top-tier home for the Inkster-Faraday area in terms of size and value, which is a different proposition than a similarly priced property in a different Winnipeg neighbourhood. It underscores the importance of evaluating a home against its immediate comparables.