Property Overview: 1009 Fleet Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1009 Fleet Avenue in Rockwood presents a distinct profile defined by its balance of space and value. Its key characteristic is a generous 5,014 sqft lot, which is elite for the street (top 1%) and above average for the neighborhood. This offers significant outdoor potential relative to nearby homes. The dwelling itself is more compact at 700 sqft, which is below average for the area, suggesting a focus on efficient living or a project to expand.
Built in 1953, the structure is notably newer than many on its street, potentially meaning fewer concerns with aging infrastructure common in older homes. The assessed value of $337k is consistently around the average for both the street and Rockwood, indicating the property is priced in line with local norms, with the premium likely tied to its substantial lot.
The appeal lies in this lot size, offering a rare opportunity in the area for gardening, expansion, or outdoor living. It suits practical buyers who prioritize land over interior square footage, such as first-time buyers comfortable with a cozy layout, downsizers seeking manageable indoor space with a private yard, or investors/renovators who see value in the land and the potential to increase the home’s footprint.
Section 2: Frequently Asked Questions
1. Is the 700 sqft living area a concern?
While below the neighborhood average, the home’s efficient footprint may suit those seeking lower utility and maintenance costs. The significant lot size provides a natural extension of living space outdoors.
2. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in mid-2020. The current assessed value of $337k is higher, reflecting market changes and assessments for municipal taxation, not necessarily current market value. Exact historical prices require a manual lookup.
3. What does the 1953 build year mean for maintenance?
Being newer than most on the street (average build year 1935) is an advantage, potentially indicating updated core systems. However, a specific inspection is still crucial to determine the condition of the roof, wiring, and plumbing.
4. Are the lot size rankings misleading given the city-wide average?
The city-wide average includes newer suburbs with larger standard lots. The key takeaway is that this property’s lot is exceptionally large for its established, inner-city street, which is its most competitive feature locally.
5. How does this property fit within the immediate block?
Comparable nearby homes on Fleet Avenue are similar in size but often older and on smaller lots. This property stands out for its newer construction and larger land parcel, potentially offering a different value proposition than its direct neighbors.