Property Overview
This two-storey home in Valley Gardens presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1973, its key appeal lies in a desirable combination of a renovated basement and a lot size that ranks highly for the street. With 1,140 sqft of living space and a 3,000 sqft lot, it offers room to grow. The assessed value positions it as a more accessible entry point compared to many similar-sized homes in the wider area. This property would suit first-time buyers or practical investors looking for a home with foundational updates in a mature neighbourhood, where the value is anchored more in the land and potential than in high-end finishes. A thoughtful perspective is that while the home itself is of average size for the city, its lot size within its immediate context is a standout, suggesting outdoor space or future expansion potential that neighbours may not have.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The 3,000 sqft lot is a key feature, ranking in the top 15% on Avaco Drive itself. This means the property likely has more outdoor space than most of its direct neighbours.
2. The home was built in 1973. What should I consider?
While the basement has been renovated, a home of this age will have original major systems, like the roof, windows, and plumbing. A thorough inspection is advised to budget for any upcoming maintenance or updates.
3. Why is the assessed value notably lower than some comparable listings?
The assessed value is a municipal tool for taxation, not market price. However, its lower percentile ranking suggests the home may be valued conservatively relative to the neighbourhood and city, which can be attractive for buyers but should be contextualized with a current market appraisal.
4. There's no garage. How does parking work?
The listing indicates no garage, so parking would be limited to driveway and street parking. It’s worth checking municipal bylaws for any street parking restrictions.
5. What is the neighbourhood like?
Valley Gardens is a mature, established area. The "top 10%" neighbourhood ranking for lot size indicates a community with generally spacious properties, offering a quieter, more residential feel compared to newer, denser subdivisions.