Property Overview: 114 Horton Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, offering a unique proposition in the Winnipeg market. Its key characteristics are defined by its modest scale and exceptionally low municipal assessed value. With 881 sqft of living space and a 2,997 sqft lot, it ranks well below the average size for its street, neighborhood, and the city overall. The home features a detached garage and an unrenovated basement.
The primary appeal lies in its position as one of the most accessible entry points into homeownership in the city. The very low assessed value suggests a correspondingly low purchase price, making it a standout option for budget-focused buyers. It suits a specific type of purchaser: a first-time buyer, an investor looking for a rental property with a low entry cost, or someone seeking a minimal footprint who views the home as a blank canvas. A less obvious perspective is its potential for a "land value" play; while the lot is smaller than average for the area, it represents the majority of the property's worth and could be of long-term interest in a mature neighborhood. This is not a move-in-ready dream home but a practical foundation requiring vision and likely renovation work.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's specific attributes—including its smaller size, age, and condition—compared to others. It reflects its market position as a more affordable, value-oriented property rather than a direct comparison to larger, modern homes.
2. What does "below average" ranking for living area and lot size mean for me?
It confirms this is a compact property. For the right buyer, this means lower utility costs, less maintenance, and a more manageable space. It is a trade-off that enables affordability in a established neighborhood.
3. The basement is noted as "not renovated." What should I expect?
This typically indicates a basement in original or functional condition, likely suited for storage and utilities rather than finished living space. Any development would be a future project for the owner, adding potential value.
4. How reliable are the sold price ranges shown?
The ranges are derived from public data. For precise historical sale figures, you must request the exact sold price history via email, which the provider will send manually.
5. Who would this property not be suitable for?
It would likely not suit a family needing substantial space, anyone seeking a modern or turn-key home without renovation plans, or a buyer whose primary goal is rapid appreciation without investing in improvements.