124 St Anne'S Road

Property Overview

This 919 sqft home on St. Anne's Road, built in 1927, presents a specific and value-conscious opportunity. Its assessed value of $282k sits notably below averages for its street and the wider city, suggesting a more accessible entry point into the Varennes neighborhood. The living area is compact, ranking below averages for the street and city, but is actually around the typical size for the immediate neighborhood. The lot size of 4,451 sqft is manageable and fairly typical for the area.

The appeal here lies in its position as a pragmatic, lower-cost option in a well-established area. It suits first-time buyers, downsizers, or investors seeking a character home (pre-1930s build) without a premium price tag. It’s a property where value is defined by affordability and location rather than size or modern features. A thoughtful perspective is that its older vintage, while requiring due diligence, offers a charm and build quality distinct from later constructions, and its below-city-average price could allow for a renovation budget while still staying under typical area valuations.

Frequently Asked Questions

1. Is the below-average living area a major concern?
While the home is smaller than many on its street and in Winnipeg overall, it is actually close to the average size for the Varennes neighborhood itself. This indicates it’s a reasonably typical home for the specific community, suited for efficient living or smaller households.

2. Why is the assessed value significantly lower than the street average?
The $282k assessment is well below the street average of ~$450k. This typically reflects the home’s smaller size, older age, and potentially its specific condition or features relative to neighbors. It’s a key indicator of the property’s value-oriented positioning.

3. What should I consider about the 1927 build date?
As one of the older homes on the street, a pre-purchase inspection is essential to understand the condition of major systems (wiring, plumbing, roof, foundation). This vintage also often means character details but may come with higher maintenance considerations compared to newer builds.

4. How does the lot size compare?
At just under 4,500 sqft, the lot is manageable and is actually around average for the street. It is smaller than the typical Winnipeg lot but provides standard outdoor space for the immediate area, balancing yard maintenance with usable space.

5. Who would this property suit best?
This home is ideal for budget-aware buyers prioritizing location and getting into the market. It fits first-time buyers comfortable with a cozy layout, downsizers seeking a simpler footprint, or strategic buyers viewing the lower assessment as a foundation for future value addition.