Property Overview: 121 Lansdowne Avenue, Luxton, Winnipeg
Key Characteristics & Appeal
This is a modest, historic home built in 1907, offering a straightforward entry point into Winnipeg’s housing market. Its key appeal lies in its affordability and location within a well-established neighbourhood. At 840 sqft, the living space is compact and notably smaller than most area homes, suggesting a property best suited for a first-time buyer, downsizer, or investor seeking a manageable footprint. The assessed value is consistent with the local area, but sits well below the citywide average, highlighting its relative value within Luxton.
The lot, while smaller than many in the city, is a standard size for the street. A thoughtful perspective for a home of this age is the potential for incremental, sweat-equity improvements rather than a full-scale renovation. It would suit a practical buyer who values character and location over square footage, and who is prepared for the maintenance considerations of a 119-year-old structure. The recent sale history indicates a stable, lower-price segment of the market.
Frequently Asked Questions
1. Is this a good investment property?
Given its below-average assessed value citywide and consistent local valuations, it could be a candidate for a rental investment, especially for an owner who can manage some maintenance. Its size limits it to smaller households or singles.
2. What should I know about a house built in 1907?
While offering charm, it’s essential to budget for potential updates to older mechanical systems (like plumbing and wiring), insulation, and windows. A thorough inspection is crucial.
3. The living area seems small. How does it compare?
The home’s living area is in the bottom 20% for Lansdowne Avenue and is about 300 sqft smaller than the immediate area average. This confirms it’s a compact home, which is reflected in its pricing.
4. Why is the citywide assessed value comparison so different?
The assessed value ($25k) is typical for Luxton but is far below the citywide average ($390k). This isn’t an error; it starkly illustrates the affordability of this specific neighbourhood compared to the broader Winnipeg market.
5. How can I find out exactly what it last sold for?
The public data shows a sale between $150k-$200k around 2020. For the exact price, you can request it via email from the site, as this information is verified manually from non-public records.