Property Overview: 787 Dufferin Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1905, presents a practical opportunity in Winnipeg’s Dufferin neighbourhood. With 1,044 sqft of living space and a 3,680 sqft lot, its size is typical for the immediate area. A key characteristic is its detached garage, offering valuable off-street parking or storage. The home features a basement, noted as unrenovated, which represents potential for future expansion or customization.

Its primary appeal lies in its position as an accessible entry point into the market. The recently sold price and assessed value are significantly below city-wide averages, suggesting a lower barrier to entry. This isn’t a move-in-ready showcase; its appeal is for those who see value in a solid, classic structure with the opportunity to add value over time. It would suit a first-time buyer comfortable with a project, an investor looking for a rental property with a stable foundation, or a hands-on owner who prefers to put their own stamp on a home rather than pay a premium for recent renovations. A less obvious perspective is that a home of this age, while requiring attention, often features build quality and materials not found in newer constructions, appealing to those who appreciate character.

Section 2: Frequently Asked Questions

1. What does “basement, not renovated” typically imply?
It means the basement is in original or functional condition, but not modernized. Expect a concrete floor, basic finishes, and older mechanical systems (like the furnace or wiring). It’s usable for laundry and storage but may require updating for comfortable living space.

2. How does the assessed value relate to the sale price?
The assessed value ($8,200) is for municipal tax purposes and is often much lower than market value. The recent sale price ($7,300) is the actual market transaction figure. Both being low confirms this as a value-priced property relative to the broader Winnipeg market.

3. Is the lot size a constraint?
At 3,680 sqft, the lot is slightly smaller than others on the street but is fairly standard for the neighbourhood. It provides adequate private outdoor space for a home of this size without extensive maintenance demands.

4. What are the considerations with a 1905-built home?
While offering character, a home this age will likely need updates to plumbing, electrical, and insulation to meet modern standards. A thorough inspection is essential to understand the scope and prioritize projects, from energy efficiency to foundational integrity.

5. Who might this property not suit?
It is not ideal for buyers seeking a turnkey, low-maintenance home. Those unwilling to budget for immediate repairs or future renovations, or who prioritize modern open-concept layouts and amenities, would likely find this property a poor fit.