Property Overview: 1009 Clarence Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Clarence Avenue in Maybank presents a distinct profile defined by its vintage character and lot size. Built in 1932, it is notably older than most area homes, which may appeal to buyers interested in a property with classic architectural roots, though it likely requires consideration for updates and maintenance. Its primary appeal lies in its generous 5,461 sqft lot, which is above average for the city and provides significant outdoor space for gardening, recreation, or future expansion—a rarity compared to newer developments. With a living area of 973 sqft, the house itself is moderately sized, suitable for a small family, a couple, or an investor.
The property’s assessed value is significantly lower than both area and city averages. This suggests a potentially accessible entry point into the market, but it also aligns with the older age of the home. This combination suits specific buyer types: first-time buyers or practical investors looking for a "value-add" opportunity where the land and location are key assets, and who are prepared to invest sweat equity or capital into modernizations. It’s less suited for those seeking a move-in-ready, modern home without project work.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the average?
The assessed value reflects the property's older age (1932) and its smaller living area relative to city-wide averages. Assessments are based on mass appraisal models, and an older home with original features often appraises lower than a newer, updated one, even on a desirable lot.
2. What does the older year built mean for me as a buyer?
A 1932 build offers charm and potentially solid construction, but it necessitates thorough inspections for foundational integrity, plumbing, electrical (like knob-and-tube wiring), and insulation. Budgeting for updates is a key consideration.
3. The lot size is a standout feature. What are my options?
The large lot is a major asset. Beyond a spacious yard, it could allow for additions like a garage, a larger deck, or even a garden suite (subject to city zoning bylaws and permits), enhancing both livability and long-term value.
4. How reliable are the past sold price ranges shown?
The provided ranges are estimates based on public data. For precise historical sale prices to inform your offer, you must request the exact data via the email service mentioned, as this ensures accuracy.
5. The home seems smaller than others nearby. Is it a concern?
At 973 sqft, it's functional but compact. The trade-off is the larger lot. Buyers should consider if the indoor space meets their needs, as expanding the footprint would be a major renovation, though the lot size could accommodate it.