Key Characteristics & Buyer Profile
This is a compact 720 sq ft single-family home built in 1950 on a notably large lot (7,913 sq ft). The house itself is smaller than most comparable properties on its street, in its Worthington neighbourhood, and across Winnipeg. Its assessed value (257,000) also sits below street and city averages, though it is close to the community median.
The main appeal lies in the land. The lot is in the top 12% city-wide for size, which is unusual for a property in this price range. This suggests the value is tied more to the site than the structure. A potential buyer would need to be comfortable with a modest living space and an older home that likely requires updates or renovation. This property suits someone looking for an entry point into a stable neighbourhood, with the option to expand, rebuild, or simply enjoy a large yard without paying a premium for a renovated house. It is less suited for someone seeking a move-in-ready, spacious interior or a high-ranking asset within the local market.
Five Possible FAQs
1. How does this compare to other houses on Hindley Avenue?
On the street, it is smaller in both living area and lot size than most, and its assessed value is below the average. However, the lot is large by city standards, which sets it apart from many properties city-wide, even if not within its immediate street.
2. Is the assessed value of $257,000 close to the market price?
Assessed value is used for tax purposes and can lag behind market conditions. It provides a baseline but should not be treated as an exact market valuation. A real estate agent’s comparable market analysis would give a more accurate sense of current pricing.
3. What would renovation or expansion look like on this lot?
A lot of 7,913 sq ft offers significant potential for adding square footage, whether through an addition, a second storey, or even a new build, depending on zoning and setback requirements. Buyers should consult the city’s planning department for permitted uses.
4. How old are the major systems (roof, furnace, plumbing)?
The property was built in 1950, but the listing does not specify the age or condition of the mechanicals or roof. A home inspection is essential to determine what may need immediate or near-term replacement.
5. Who typically buys in the Worthington area?
Worthington attracts a mix of first-time buyers, families, and investors. The neighbourhood offers established streets, mature trees, and relatively stable values. This property may appeal to someone who values lot size over finishings and is willing to take on a project.