Property Overview: 154 Linden Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Linden Avenue is a compact, no-frills property built in 1928. With 784 sqft of living space, it is notably smaller than most comparable homes in its neighborhood and across Winnipeg. Its key feature is a decently sized, roughly 5,000 sqft lot, which is above average for its immediate street. The home has a detached garage and an unrenovated basement. Its assessed value is modest and sits around the average for its local area, though below wider city averages.
The primary appeal lies in its affordability and land value. It represents a straightforward entry point into homeownership, particularly for a first-time buyer or an investor comfortable with a project. The lot size offers potential for expansion, a garden, or future redevelopment, which is a significant asset not always found with smaller homes. This property would suit a practical buyer who prioritizes location and land over move-in-ready finishes, sees value in a basement that can be customized to their needs, and is prepared for the maintenance or updates typical of a near-century-old home.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" or a liveable home?
Based on the assessed value and sold history, it is a liveable home. However, its smaller size and age mean a buyer should be prepared for ongoing maintenance or updates. Its value is likely tied significantly to its land.
2. How does the lot size compare to others?
The lot is a key feature. At just over 5,000 sqft, it is larger than many on its street and in the Kildonan Drive area, offering more outdoor space than the home's compact interior might suggest.
3. What does "below average" for living area mean practically?
The home's interior space (784 sqft) is significantly smaller than the local average (over 1,000 sqft). This indicates a cozy floor plan best for individuals, couples, or those comfortable with efficient living spaces.
4. The assessed value seems low. What does that indicate?
The assessed value is for taxation purposes and reflects the property's modest size, age, and condition relative to the market. It suggests a lower tax burden but also confirms this is not a premium, renovated property. The last known sale was in line with this assessment.
5. What should I consider about the unrenovated basement?
An unrenovated basement offers both a blank canvas and a potential project. It provides essential utility space and storage but will require investment to finish as living space. Ensure to check for foundational integrity, moisture, and necessary updates like electrical.