Property Overview
This home at 49 Inman Avenue presents a distinct profile defined by its balance of space, value, and vintage character. Its key appeal lies in offering a generous lot within a mature neighbourhood at a municipal assessment that sits well below the Winnipeg average, suggesting a potentially accessible entry point into the market.
Key Characteristics & Target Buyer
The property is built around a 1945-era home with 659 sqft of living space, which is notably compact compared to area and city averages. However, it is situated on a larger-than-average lot for its immediate street and Varennes neighbourhood, providing valuable outdoor space and potential. Its municipal assessed value of $266,000 is significantly lower than the Winnipeg average, indicating a relatively lower property tax burden and a price point that may offer room for value appreciation.
This home would suit a pragmatic first-time buyer, an investor, or a downsizer who prioritizes land size and location over immediate living square footage. Its appeal is for those who see potential in the sizable lot—whether for gardening, expansion, or future redevelopment—and who are comfortable with a smaller, classic home footprint that they can update over time. It’s a property that trades sheer interior size for land and financial efficiency.
Frequently Asked Questions
1. Is the living area too small?
At 659 sqft, the home is significantly smaller than the average Winnipeg house. It requires efficient use of space and would suit individuals, couples, or those comfortable with a compact, cozy layout. The trade-off is the larger lot and lower assessed value.
2. What does the below-average assessment mean for me?
A lower assessed value typically translates to lower annual property taxes compared to similar-sized lots with newer or larger homes. It can also mean the purchase price may be more accessible, though the final sale price is determined by the market.
3. How does the 1945 build year affect the home?
Being newer than most on its street is a positive, but a home of this age will likely have older building systems, windows, and insulation. Buyers should budget for updates and have thorough inspections for plumbing, electrical, and the foundation.
4. The lot is larger than average for the area. What are the benefits?
The 5,121 sqft lot offers more private outdoor space, better potential for additions like a garage or deck, and possibly more landscaping or gardening opportunities. It is a key asset that adds long-term value and flexibility.
5. How should I interpret the ranking data?
The rankings compare this property against others on its street, in Varennes, and across Winnipeg. They show this home excels in lot size on its street, is average-to-newer for its age locally, but is notably smaller in living area than most city homes. It’s a snapshot of how it stacks up in specific metrics.