Property Overview: 275 St Anthony Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, situated on a standard-sized lot in the Jefferson neighbourhood. Its key characteristic is its modest scale, with a living area of 700 sqft that ranks below average for the street, neighbourhood, and city. This is balanced by a recently renovated basement, adding functional space. The home’s assessed value is notably low, positioning it as one of the more affordable entry points in its area.
The appeal lies in its straightforward, low-maintenance footprint and its value proposition. It suits first-time buyers or investors seeking an affordable entry into the Winnipeg market, where the initial financial barrier is lower. The renovated basement offers immediate utility without the need for initial projects. A thoughtful perspective is that a smaller, efficient home like this can align with minimalist living or serve as a strategic starting point for building equity, allowing owners to potentially trade up later. Its average lot size also presents a standard outdoor space for its area without the burden of extensive landscaping.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home’s smaller size and modest characteristics compared to peers. It can be an advantage, potentially leading to lower property taxes, and indicates a competitively priced entry point in the market.
2. What does "below average" living area mean practically?
It means the interior space is efficient and compact. This is ideal for individuals, couples, or small families who prioritize affordability and easier upkeep over spacious rooms. The renovated basement is a key feature to offset the main floor's size.
3. How does the 1948 build year affect the home?
The home is of average age for its immediate area. While this suggests potential for older-home maintenance considerations, it also places the property in a well-established neighbourhood with mature infrastructure. A pre-purchase inspection is always advised for homes of this era.
4. Who are the typical buyers for a home like this?
This property is well-suited for first-time homebuyers budget-conscious about their initial purchase, practical downsizers, or investors looking for a manageable rental property with a clear value basis.
5. How does the sold history inform the current value?
The home sold in the $18.5k-$21.5k range in 2016. While not a direct indicator of today’s price, this history confirms its long-standing position as a lower-value property in the area, suggesting a market niche that may experience less volatility.