Property Overview & Key Characteristics
54 Lennox Avenue is a modern, two-storey home built in 2024, offering a move-in-ready experience in Winnipeg's St. George neighbourhood. Its primary appeal lies in its new construction status, which translates to contemporary building standards, modern finishes, and minimal immediate maintenance. The home features 1,522 sqft of living space and sits on a notably large lot of nearly 2,500 sqft, a combination that is rare for newer builds in the area. A key asset is its fully renovated basement, adding valuable flexible space.
The property stands out statistically within its immediate context. It ranks in the top percentiles for lot size, year built, and assessed value on its street and in the wider neighbourhood. This suggests it is a premium offering compared to many nearby properties, which are predominantly older. The home would suit buyers seeking a modern, low-maintenance lifestyle without compromising on outdoor space. It’s particularly well-matched for young professionals, small families, or downsizers who want new-build convenience in an established community, and who value the long-term advantages of a larger lot.
Frequently Asked Questions
1. What does the high ranking in "Assessed Value" for the street indicate?
It shows that this property’s official assessed value is among the highest on Lennox Avenue. This typically reflects its new construction, larger lot, and modern amenities compared to neighbouring homes, which could influence property taxes and perceived market value.
2. The home is new, but the neighbourhood has older homes. What are the pros and cons of this?
The advantage is enjoying a modern, efficient home in a mature area with established trees and character. A potential consideration is that the architectural style and value may differ significantly from immediate neighbours, which can affect streetscape cohesion and future resale comparisons.
3. Is the renovated basement included in the listed living area?
No, the 1,522 sqft living area refers to the above-ground space. The renovated basement is additional square footage, offering bonus rooms for recreation, a home office, or guest space without increasing the official living area calculation.
4. There is no garage. How does this impact the property?
The lack of a garage means reliance on street parking or the potential cost of adding a structure later. However, the very large lot provides ample space for adding a garage or a substantial driveway in the future, which is a significant advantage over newer homes on smaller lots.
5. Why are the "for reference" properties so different in assessed value?
The listed comparisons include older homes from various neighbourhoods to provide market context. The wide range in values underscores how factors like age, size, location, and condition dramatically influence assessment. It highlights that 54 Lennox Avenue, as a new build on a large lot, occupies a different market segment than many older, smaller homes in the wider area.