Property Overview: 109 Ralph Avenue W, Winnipeg
Key Characteristics & Appeal
This is a compact, character home built in 1925, offering a practical entry point into Winnipeg’s Radisson neighborhood. Its key characteristic is its modest scale: at 790 sq ft on a 2,999 sq ft lot, it is notably smaller than most comparable homes on its street, in the area, and across the city. This is reflected in its assessed value of $218k, which sits well below local averages.
The primary appeal lies in its affordability and efficiency. It represents a lower barrier to homeownership, potentially suiting first-time buyers, downsizers, or investors seeking a manageable property. Its century-old origins may hold charm for those appreciating older home character. A thoughtful perspective is that its below-average metrics could signal an opportunity for value addition through strategic updates or an addition, given the right budget and vision. It would suit a buyer comfortable with a cozy footprint, who prioritizes financial accessibility over space, and is prepared for the maintenance considerations of an older home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is closely tied to the home’s smaller living area and lot size compared to nearby properties, as well as its older age. It is priced for its specific scale and condition within the market.
2. What should I consider about a home built in 1925?
While offering character, a home of this age may have outdated electrical, plumbing, or insulation. A thorough inspection is essential to understand the condition and potential need for updates or repairs.
3. Is the smaller living area a disadvantage?
It depends on your needs. It limits space for large families or extensive belongings but results in lower utility costs, less maintenance, and a more affordable purchase price. It promotes a simpler, more efficient lifestyle.
4. How reliable are the sold price ranges shown?
The provided sold price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site.
5. What does the lot size mean for future potential?
The lot is smaller than average for the street but is still a standard urban parcel. While space for a large addition or pool is limited, there is likely room for a deck, garden, or shed, subject to local zoning bylaws.