Property Overview
This home at 824 Government Avenue presents a distinct profile defined by its vintage character and generous lot. Built in 1913, it is a notably older home in its Munroe East neighbourhood and across Winnipeg. With 766 square feet of living space, the house itself is compact, ranking below average in size compared to nearby and city-wide homes. However, it sits on a substantial 4,997 sqft lot, which is among the largest on its street. The assessed value is significantly below average at $19,300, reflecting its age and modest improvements.
The appeal here lies in a clear value proposition: a very low property tax base anchored by the assessed value, coupled with a large, rare lot for the immediate area that offers potential for expansion, gardening, or outdoor space. It suits a specific buyer: a hands-on individual or investor looking for an affordable entry into the market, willing to undertake renovations or updates to a century-old home. It’s less suited for those seeking a modern, move-in-ready property or who prioritize interior square footage over land size.
Frequently Asked Questions
What does the low assessed value mean for property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a ongoing cost advantage. However, it also generally reflects the home's current condition and market valuation.
How significant is the large lot size?
The lot is a key feature. Ranking in the top 5% on its street for land area, it provides ample outdoor space and is a rarity in the area. This could be attractive for future additions, landscaping, or simply for having more privacy and room than neighbours.
Are there any recent sale prices for this home?
Public records indicate it last sold between $150,000 and $200,000 in January 2021. For the exact historical sale price, you can request the information directly via the provided email service.
What should I consider about a home built in 1913?
A home of this age will likely require careful attention to foundational, electrical, and plumbing systems that may have been updated over time. While offering charm, it necessitates a thorough inspection to understand the scope of any maintenance or modernization needed.
How does it compare to the nearby reference property at 925 Moncton Avenue?
That home, built in 1959 with 1,088 sqft and a $23,400 assessment, provides a useful benchmark. It highlights that 824 Government Avenue is older, smaller in living area, and on a lower assessment track, but potentially offers a larger lot.