117 Ralph Avenue W

Property Overview: 117 Ralph Avenue W, Winnipeg

Key Characteristics & Appeal

This is a compact, century-old home in Winnipeg's Radisson neighborhood, presenting a clear value-oriented opportunity. Its primary appeal lies in its position as one of the most affordable entry points into the city's housing market. With a living area of 600 sqft and an assessed value significantly below area averages, it stands out for its low financial barrier to entry.

The home suits specific buyer profiles perfectly. It is an ideal candidate for a first-time buyer prioritizing ownership over size, or an investor seeking a straightforward rental property with lower upfront capital. Its smaller scale also suggests potentially lower utility and maintenance costs, a practical consideration often overlooked. A thoughtful perspective is that this property represents a "blank slate" opportunity; its below-average metrics in size, value, and year built could allow a buyer to add value through efficient renovations or an addition, potentially improving its standing relative to the neighborhood.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the property's smaller size (600 sqft), older age (built in 1924), and more compact lot relative to most homes in Radisson and across Winnipeg. It is priced for its current condition and scale.

2. What does the "Top 99%" ranking for living area mean?
This statistic indicates that 99% of comparable homes in the Radisson neighborhood are larger. It directly highlights this property's compact nature, which is a key factor in its affordability.

3. How reliable is the listed sold price range from 2021?
The sold price range is 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.

4. Is there potential to expand this home?
The lot size, while below the neighborhood average, may offer some scope for an addition or expansion, subject to local zoning bylaws. This is a common consideration for buyers of smaller, older homes looking to add long-term value.

5. Who would this property not be suitable for?
It would likely not suit buyers requiring multiple bedrooms, ample living space, or a modern home without renovation plans. It is geared toward those comfortable with a smaller footprint and potentially older home characteristics.