Property Overview
230 Worthington Avenue is a compact, one-storey home in Winnipeg's Lavalee neighbourhood. Built in 1953, it features a renovated basement and a detached garage. The property stands out for its very modest size—at 672 sqft, its living area is notably smaller than most comparable homes locally and city-wide. However, its assessed value is relatively average for its immediate area, suggesting it may represent an entry point into the neighbourhood. The lot size is also smaller than average for the street but is more in line with typical city lots. Recent sold price data indicates stable value in the low $30k range.
Key Characteristics & Appeal
The primary appeal of this home is its affordability and function as a straightforward, no-frills property. It suits first-time buyers, investors, or downsizers seeking minimal upkeep and a lower financial barrier to entry. Its renovated basement adds functional living space, which is a crucial asset given the small main-floor footprint. The detached garage provides valuable storage or workshop space.
A less obvious perspective is that its smaller lot and home size could mean lower property taxes, utility costs, and maintenance time, offering a lifestyle of simplicity and efficiency. It would suit a pragmatic buyer who views a home as a practical shelter rather than a status symbol, or an investor looking for a stable, low-cost rental property. Its average assessment for the street suggests it’s not an outlier in terms of value on Worthington Avenue, providing a sense of consistency.
Frequently Asked Questions
1. Is the house in good condition?
While the listing notes a renovated basement, the condition of the main floor and major systems (roof, wiring, plumbing) for this 73-year-old home is not detailed. A thorough inspection would be essential.
2. Why is the living area so much smaller than the neighbourhood average?
At 672 sqft, this is a notably compact home. This could reflect its original design as a post-war modest dwelling or possibly a layout that differs from modern open-concept homes.
3. What does the sold price history tell us?
The home sold in 2022 and again in 2024, both times in the low $30k range. This indicates a stable, very affordable market niche with relatively low price volatility.
4. Who might this property not suit?
It would likely not suit a growing family needing multiple bedrooms and living spaces, or anyone prioritizing ample indoor and outdoor space. The small living area requires efficient use of space.
5. How does the assessed value compare to recent sale prices?
The assessed value is $26.7k, which is consistent with and slightly below the recent sold prices (low $30k's). This is a typical relationship where the assessed value trails the current market price.