Property Overview
217 Worthington Avenue is a modern, one-storey home in Winnipeg's Lavalee neighborhood. Built in 2012, it stands out for its above-average size and value within its local context. The home features 2,112 sqft of living space, an attached garage, and a full, unrenovated basement on a large 10,377 sqft lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of modern construction and generous proportions. Unlike many older homes in the area, its 2012 build date suggests contemporary building standards and less immediate concern for major system replacements. With a living area that ranks in the top 4% on its own street and top 8% city-wide, it offers substantial interior space for a single-level layout.
Its assessed value is notably high for the immediate area, placing in the top 3% on Worthington Avenue, which can indicate a premium property for the street. However, it's assessed significantly lower than the city-wide average, potentially representing a value proposition for the amount of space offered. The lot size is a key asset, providing ample outdoor space that is well above the Winnipeg average, ideal for privacy, gardening, or future expansion.
This home would best suit buyers looking for a modern, low-maintenance property without sacrificing indoor and outdoor space. It’s ideal for those who prefer single-level living, such as empty-nesters, small families, or anyone seeking a property that doesn’t require updates to core structure or systems. The unrenovated basement presents a clean canvas for future customization to suit the buyer's needs.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are relative to similar properties in specific comparison groups. While this home has a high assessment for its immediate street and neighborhood, the comparison groups for "city-wide" include many newer, higher-value suburban areas, which pulls the average up. This doesn't necessarily reflect the home's market value.
2. What does "Elite" or "Top X%" ranking mean?
These rankings compare this specific property against a defined group of "comparable homes" in three areas: its street, its neighborhood (Lavalee), and city-wide Winnipeg. An "Elite" ranking (top ~1-5%) means it outperforms the vast majority of those comparable homes for that specific metric, like living area or year built.
3. The home sold in early 2020. What can that price tell me?
The sold price range from 2020 provides a historical benchmark, but it reflects pre-pandemic market conditions. It's most useful for understanding the property's price trajectory rather than determining its current market value, which would be influenced by more recent sales and market shifts.
4. What are the implications of a "not renovated" basement?
This typically means the basement is finished with standard builder-grade materials but has not seen any subsequent upgrades or custom renovations. It’s functional and livable space but may lack higher-end finishes. For a buyer, this can be a positive as it avoids the cost of someone else's personalized renovations and offers a blank slate.
5. How significant is the 2012 build year?
A 2012 construction is a major advantage. It places the home well beyond the common concerns of older Winnipeg properties, such as outdated wiring, plumbing, or insulation. Major components like the roof, furnace, and windows are likely still within their typical lifespan, offering a period of lower anticipated maintenance costs.