839 Barry Avenue

Property Overview: 839 Barry Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 839 Barry Avenue in Mission Gardens presents a distinct profile defined by its vintage character and land value. Built in 1939, it is notably older than most homes in its immediate area and across Winnipeg. With 972 sqft of living space, the interior is compact compared to city averages, but it sits on a nearly 5,000 sqft lot that is larger than most on its street. The assessed value of $300k is positioned below average for the neighbourhood and city, suggesting a potentially accessible entry point.

The primary appeal lies in its generous lot size for the area, offering space for gardening, expansion, or outdoor living that is uncommon on the street. Its below-average assessment for Mission Gardens could attract value-conscious buyers or investors looking for a property with land potential. This home would best suit a buyer comfortable with the realities and charm of an older home, possibly a renovator or someone seeking a manageable footprint with ample outdoor space. It’s a practical choice for those prioritizing lot size over modern square footage, viewing the property as a long-term hold where the land is a key asset.

Section 2: Frequently Asked Questions

1. What does the "below average" assessed value indicate?
It suggests the official city assessment is lower than most homes in its comparison groups. This can mean a relatively lower property tax burden and may indicate an entry price point for the neighbourhood, but it often reflects the home's older age and smaller living area.

2. Are older homes like this a concern?
A home built in 1939 requires a diligent inspection. While it offers character, potential buyers should budget for updates to systems like wiring, plumbing, and insulation, and be prepared for the maintenance typical of a house of this era.

3. How significant is the lot size?
At 4,998 sqft, the lot is a standout feature on this street (ranking 2nd largest of 19). This is a key advantage, providing more privacy, yard space, and future potential than many neighbouring properties.

4. What can past sale prices tell us?
The home sold in the $200k-$250k range in both 2016 and 2019. The jump to a $300k assessment likely reflects broader market increases. This history shows steady appreciation and can provide context for the current valuation.

5. Is the living area too small?
At 972 sqft, it is below the neighbourhood and city averages. It suits individuals, couples, or small families comfortable with efficient living. The appeal is in the balance of a smaller interior to maintain with a larger-than-average outdoor space.