Property Summary: 105 Clayton Drive, Lavalee, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1957, situated on a standard 5,010 sqft lot in the Lavalee neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a notably low municipal assessed value. The 816 sqft living area is modest but functional for the street and local area, and the property includes a basement (unrenovated) and a detached garage.
The home’s primary draw is its value proposition. Its assessed value sits well below averages for the street, neighbourhood, and city, suggesting a lower property tax burden and an opportunity for a buyer with a limited budget. It suits first-time buyers, investors looking for a rental property with a low cost basis, or downsizers seeking a manageable footprint without a high ongoing tax commitment. A thoughtful perspective is that, while the home is smaller and older than the city average, it is actually newer than most on its own street, which may hint at a slightly more modern construction for the immediate area. The unrenovated basement presents a clear project, making this a fit for someone comfortable with gradual improvements.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the likely purchase price?
The assessed value ($22.5k) is for municipal tax purposes and is typically significantly lower than market value. It indicates a lower annual tax bill, but the sale price will be determined by the current market, recent comparable sales, and the home's condition.
2. Is the living space too small?
At 816 sqft, it's below the Winnipeg average but close to the average for Clayton Drive itself. It’s a practical size for a single person, a couple, or a small family comfortable with efficient living. The unrenovated basement offers potential for future expanded space.
3. What are the implications of the home being "older"?
Built in 1957, the home will likely require attention to aging components like plumbing, electrical, windows, and the roof. A thorough inspection is essential. On a positive note, it is newer than many neighbouring homes on Clayton Drive.
4. Who might this property not be suitable for?
It may not suit buyers looking for a move-in-ready home with modern finishes, those who need significant space for a growing family, or anyone unwilling to take on a project with the basement and potential updates.
5. How does the lot size compare?
The lot is approximately average for the street but below average for the wider Lavalee area. This means smaller outdoor maintenance but also less private space than some other properties in the neighbourhood.