Property Overview: 746 College Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Inkster-Faraday presents a practical opportunity. Built in 1943, it offers 1,195 sqft of living space with a detached garage and a full, unrenovated basement, providing a blank canvas for future improvements. The lot is a manageable 3,416 sqft.
Its primary appeal lies in its solid, no-frills foundation within a mature neighbourhood. The home's assessed value and living area consistently rank as "around average" when compared directly to its immediate street and area, suggesting it is a typical, fairly priced property for this specific locale. This isn't a standout luxury home, but rather a straightforward housing option that aligns with local norms.
This property would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who is comfortable with a home that may require updates over time. It’s for someone seeking an entry point into the market with a structure that has proven longevity, where the value is derived more from the utility of the house and its location than from high-end finishes or a large plot of land.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the potential purchase price?
The assessed value is for municipal tax purposes and is not a market valuation. However, its ranking—consistently around the middle for the street and area—indicates this property is not an outlier, suggesting a market price could be reasonably aligned with other local sales rather than being unusually high or low.
2. Is the unrenovated basement a major concern?
It represents both a project and potential. While it will need investment to become finished living space, it also means there are no hidden issues behind recent cosmetic updates, and you can customize it to your needs without first undoing someone else's work.
3. How does the age of the home (1943) impact things?
The home is newer than many on the street (ranking above average for year built on College Avenue). While still an older home requiring diligent maintenance, it may benefit from slightly more modern construction standards than its immediate neighbours built in the 1910s and 1920s.
4. The lot seems smaller than the city average. Is that a problem?
For this area, the lot size is typical. It offers a manageable yard without excessive upkeep. The trade-off is less private outdoor space, but it aligns with the neighbourhood's character and lot sizes.
5. Where can I see exact historical sold prices?
The listing service provides sold price ranges from public data. To obtain the exact sold price figures for this property's past transactions, you must request them directly via the email link provided on the detail page. This is a standard manual process used by this platform.