Property Overview: 712 Henderson Highway
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, featuring a renovated basement and a detached garage. With 754 sqft of living space, it is notably smaller than most comparable homes in its immediate area, Kildonan Drive, and across Winnipeg. The lot is also modest at 4,100 sqft. However, its assessed value of $280,000 is around average for Henderson Highway itself, suggesting its value is anchored by its location on a major arterial road rather than its size.
The primary appeal lies in its position as a potentially more affordable entry point into the Winnipeg market, particularly for a stand-alone house with a private garage and some updates. It would suit a pragmatic first-time buyer, an investor, or someone looking to downsize who prioritizes function and location over space. A less obvious perspective is that its smaller scale could mean lower utility costs and less maintenance, which is a significant long-term consideration. The renovated basement also adds functional living space that isn't reflected in the above-ground square footage, offering flexibility.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 754 sqft, the home is significantly smaller than area averages. It will feel compact, making efficient use of space and the renovated basement essential for comfortable living.
2. What does the assessed value tell us?
The $280,000 assessment is average for Henderson Highway but below average for the wider neighbourhood and city. This often indicates a property whose value is strongly tied to its specific location on a busy thoroughfare.
3. What are the implications of a 1946 build?
While the home’s age is typical for the street, being 80 years old means prospective buyers should pay close attention to the condition of major aging components like the roof, plumbing, and electrical systems, even with a renovated basement.
4. How does the lot size impact the property?
The 4,100 sqft lot is smaller than most in the area. This limits expansive outdoor space but could mean less yard work. The detached garage is a valuable asset given the lot’s constraints.
5. Why is the last sold price range so low compared to the assessed value?
The recorded sale in 2019 was for a price range between $18.5k and $21.5k. This is not a typical market sale and likely represents a nominal transfer between parties, a sale of partial interest, or another non-arms-length transaction. It should not be used as a benchmark for current market value.