Property Overview & Key Characteristics
This 1912 two-storey home on Anderson Avenue presents a classic Winnipeg character property with notable space and a renovated basement. Its appeal lies in a combination of generous proportions and a solid foundation within a well-established neighbourhood. The lot is a significant asset, ranking in the top 18% for size on its street, offering ample outdoor potential. With 1,374 sqft of living space and a detached garage, it provides practical room for living and storage. The key modern update is the renovated basement, adding valuable finished space.
The property would suit a buyer looking for a character home who values a large yard over a newer build, and who appreciates having major renovation work (the basement) already completed. It's a practical option for those comfortable with the upkeep of a century-old home but wanting some updated living areas. A less obvious perspective is the home's assessed value stability relative to the area, suggesting it's viewed as a consistent contributor within the streetscape rather than an outlier, which can be appealing for long-term stability.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in the neighbourhood (St. John's), and across Winnipeg. For example, its land size is in the top 18% on its street, meaning it has a larger lot than most nearby. Conversely, its year built ranks in the bottom 73% on the street, indicating it's older than most surrounding homes.
2. Is the low assessed value a concern?
Not necessarily. A municipal assessed value of $22.5k is typical for property tax purposes and is not a market valuation. It's useful for comparing tax burdens, and this home's assessment is in line with several other properties across the city, as shown in the "similar assessed value" list.
3. What can be inferred from the 2019 sale price?
The home sold for $19.2k in mid-2019. This historical price, like the assessed value, is not a current market indicator but shows a baseline from five years ago. Market conditions and any improvements since then would determine today's value.
4. How does the renovated basement impact the home?
A renovated basement adds functional living space, which is a valuable asset in a character home. It's important to clarify the scope, quality, and permits of this renovation, as finishes and compliance can vary widely.
5. What is the neighbourhood context?
The listed "Nearby Properties" and "Worth Viewing" homes show a mix of sizes, ages, and values, indicating a varied, established streetscape. This suggests a neighbourhood without strict uniformity, where homes are often evaluated on their individual lots, conditions, and updates.