Property Overview: 1027 Clarence Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical, no-frills property that represents an accessible entry point into Winnipeg’s Maybank neighbourhood. Built in 1929, its 960 sqft living area is modest but functional, ranking around the local average for interior space. The lot size of 3,276 sqft is smaller than most in the area, suggesting lower maintenance demands. A key characteristic is its notably low municipal assessed value ($27,800), which places it in the bottom quarter of homes on its own street. This indicates a property that is likely unrenovated or basic in its finishes, but also one with correspondingly lower property taxes.
Its primary appeal lies in its affordability and potential. It suits a first-time buyer, an investor looking for a rental property, or a hands-on individual who values location over luxury and sees the value in a "blank canvas." The recent sale in the $250k-$300k range (2023) reinforces its position as a more budget-conscious option. A less obvious perspective is that its older age and smaller lot could mean fewer unforeseen issues common in mid-century builds and less time spent on yard work, appealing to those seeking simplicity.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property’s condition, size, and features as evaluated for municipal tax purposes. A value this far below averages, especially locally, typically reflects a home in original or basic condition without major updates.
2. What does the "ranking" data for living area and lot size mean?
The rankings compare this property to others on Clarence Avenue, in Maybank, and citywide. For example, its lot size is in the top 80% on its street, but that means 80% of homes have larger lots—so its lot is actually in the smaller 20% locally.
3. Is the smaller lot a disadvantage?
It depends on your priorities. While it offers less space for expansions like large decks or additions, it also means less yard maintenance and lower landscaping costs, which can be a benefit for busy owners or those seeking a low-upkeep property.
4. The home is older than most in the area. Should I be concerned?
Homes from 1929 require diligent inspection for foundational integrity, wiring, and plumbing. However, their construction can also be very robust. A thorough pre-purchase inspection is non-negotiable to understand the condition and any needed repairs.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. You can obtain the exact historical sale price by using the "Get exact sold price history" email request function on the listing page. The service is manual but provided without marketing spam.