Property Overview: 1101 Lansdowne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Mynarski sits on a generous 4,288 sqft lot, offering more space than many in the immediate area. Built in 1958, its key feature is a renovated basement, adding valuable finished living space to the 1,056 sqft main floor. The home includes a detached garage.
Its primary appeal lies in its solid foundation and the value derived from the basement renovation, which provides immediate utility without the need for a major project. The lot size is a significant asset, presenting potential for gardening, expansion, or simply more private outdoor space compared to newer subdivisions.
The property would suit practical buyers looking for a move-in-ready home with updated essentials, or investors seeking a property with a strong assessed value relative to the neighbourhood. It’s also a fit for those who prioritize lot size over a large interior footprint, seeing the land itself as a long-term asset. A less obvious perspective is its appeal to multi-generational families or those needing a separate living/working space, facilitated by the renovated lower level.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified by a viewing and inspection, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including areas for recreation, laundry, storage, or an additional bedroom. It indicates the major work of waterproofing, framing, and basic amenities is complete.
2. How does the assessed value compare to the last sale price?
The property was last sold in September 2020 for $279,000 and is currently assessed at $370,000. This increase reflects market changes and likely the value added by the basement renovation. The assessed value is used for property tax calculations and is one indicator of municipal valuation.
3. Is the home older than others on the street?
Yes. The 1958 build date makes it older than approximately 92% of homes on Lansdowne Avenue, according to the provided data. This isn't uncommon for established neighbourhoods and often means the home has mature landscaping and settled foundations, but a thorough inspection is always recommended.
4. What are the advantages of a detached garage?
A detached garage offers flexibility—it can be used as a workshop or studio without concerns about fumes or noise entering the house. It also provides more options for future landscaping or driveway design. However, it means navigating outdoors to access your vehicle in winter.
5. The lot is large, but is the living space smaller than average?
The living area (1,056 sqft) is slightly below the middle range for the neighbourhood and city. This suggests an efficient use of space, with the renovated basement effectively increasing the total usable area. The trade-off is a larger outdoor parcel, which some buyers highly value.