Property Overview: 1040 Clarence Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1040 Clarence Avenue in Maybank presents a practical opportunity centered on space and value. Its key characteristic is its above-average living area (1,263 sq ft) for both the immediate street and the Maybank neighbourhood, offering more interior room than many comparable local homes. The lot size is a standard city dimension, providing typical outdoor space.
The primary appeal lies in its value proposition. The home’s assessed value is below average for Clarence Avenue and average for the wider area, suggesting a potentially lower entry point relative to the amount of living space offered. This creates a scenario where you are paying less for more square footage than many neighbours. Built in 1950, it is an older home, so its appeal is for those comfortable with a property of that vintage, possibly seeing potential in its established character.
This property would suit a pragmatic first-time buyer or an investor looking for a functional layout in a mature neighbourhood without a premium price tag. It’s also a fit for buyers who prioritize interior space over a modern build date and are prepared for the maintenance or updates that come with an older home. A less obvious perspective is that its "below average" assessment on the street could indicate an opportunity for value growth through thoughtful improvements, bringing it in line with area norms.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value on the street mean?
It indicates this home’s city assessment is lower than most on Clarence Avenue. This can be due to various factors like the home’s age, condition, or specific features. It often translates to a relatively lower property tax burden and can represent a value opportunity if the living space is a priority.
2. As a 1950s home, what should I anticipate?
You should budget for and expect systems (like plumbing, electrical, or heating) that may be older or updated at various times. A thorough inspection is crucial to understand the condition of the roof, foundation, and insulation. The charm often comes with a responsibility for ongoing maintenance.
3. How does the living space compare to nearby homes?
The living area is a standout feature. It ranks in the top 22% on its own street and the top 11% in Maybank, meaning it offers more interior square footage than the majority of homes it’s compared to in those areas.
4. Can I get the exact historical sale price?
The public data shows a sale between $200k-$250k in 2019. The listing service offers to provide the exact sale price via email upon request, which they handle manually without using your email for marketing.
5. What are the neighbouring properties like?
The immediate neighbours on Clarence Avenue are homes of similar vintage, with a mix of assessed values. The provided comparable listing at 1016 Clarence Avenue is newer (2015) but smaller, while another nearby reference home is closer in age and size, helping to gauge the local market.