Property Overview

This 920 sqft home, built in 1968, is a standout in its locale. Its primary appeal lies in a combination of strong value retention and a highly desirable location. The property sits in the top tier of its street, neighbourhood, and the entire city of Winnipeg for its area, indicating a lot size that is larger than nearly all comparable properties. It features a renovated basement, adding valuable living space. Recent sale history shows a steady and significant increase in value, with the last sale in late 2022 at $22.40k closely aligning with its current assessed value of $22.10k, suggesting a stable market price.

The home would suit value-conscious buyers seeking a well-established neighbourhood with above-average outdoor space. It’s particularly suited for a first-time buyer or an investor looking for a property with a clear history of appreciation in a top-ranked area. The renovated basement also makes it practical for someone needing extra room for a home office, family, or rental potential, without the premium price of a newer build.

Frequently Asked Questions

1. What does the "top percentage" ranking mean?
It shows how this property compares to others in the same category. For example, being in the "Top 1%" for area on its street means its lot size is larger than 99% of other properties on Ness Avenue, which is a significant advantage.

2. The living area is 920 sqft. Is that small for the area?
Actually, no. While 920 sqft is a modest interior size, the rankings show this home's living area is in the top 21% for Winnipeg, meaning it's larger than most city-wide. The true standout feature is the land area, which ranks even higher.

3. The home was built in 1968. Should I be concerned about major repairs?
The year built ranks in the middle of the pack for its street and neighbourhood, so it's typical for the area. The key detail is the "renovated basement," which suggests some important updates have been made. A thorough inspection would be advised to determine the condition of major systems like roof, plumbing, and wiring.

4. There are several recent sales. Is that a red flag?
Not necessarily. The sales in 2016, 2021, and 2022 show a consistent pattern of increasing value (from $18.50k to $22.40k). This can indicate a property that is well-maintained and in a rising market, rather than one with problems causing quick turnover.

5. There are multiple units at the same address (e.g., 1-2825, 2-2825). What is this?
This indicates the property is likely part of a condominium or townhouse complex, often called "bare land condos" or "strata titles." You own your unit and lot, but the exterior maintenance, common areas, and possibly roofs are managed by a condo corporation, which requires monthly fees. This explains the lack of a private garage.