Property Overview
This 905 sqft home at 1020 Clarence Avenue in Winnipeg's Maybank neighbourhood presents a specific, value-oriented opportunity. Built in 2016, it is notably newer than most area homes. Its key appeal lies in offering modern construction (avoiding the maintenance concerns of much older inventory) at an assessed value that is competitive and average for the area. The lot size is compact, which translates to less exterior upkeep.
The property would suit first-time buyers or practical downsizers seeking a relatively modern, low-maintenance home without a premium price tag. It's for those who prioritize the condition and age of the structure over square footage or yard space. A thoughtful perspective is that this home offers a "renovation-free" start in a market filled with older properties, allowing owners to allocate time and funds to living rather than immediate large-scale repairs.
Frequently Asked Questions
How does the home's modern build date affect its value?
Built in 2016, it ranks in the top 10% for age locally. This typically means newer major systems (roof, HVAC, windows) and modern building codes, which can reduce near-term capital costs and appeal to buyers wary of older-home surprises.
Is the living space smaller than average?
Yes. At 905 sqft, it is below the average for both the street and the city. This indicates an efficient, likely bungalow-style layout suited for individuals, couples, or small families who don't require extensive room count or square footage.
What does the assessed value tell me?
The assessed value of $35,700 is around the local average. This suggests the property is priced consistently with area fundamentals, not as a discount "project" nor a premium listing, providing a stable entry point into the market.
The lot seems small. What are the implications?
The lot is in the bottom 3% for size on its own street. This is a defining characteristic: it minimizes yard work and may limit expansion potential, but it also likely contributed to keeping the original build and ongoing costs more affordable.
What is known about its past sale?
It last sold between $250,000 and $300,000 in 2016, the year it was built. For an exact historical sale price, you can request the information directly via the provided email service on the listing page.