Property Overview: 784 Carter Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 2018-built bi-level home at 784 Carter Avenue is a modern offering in Winnipeg's Ebby-Wentworth neighbourhood. Its primary appeal lies in its relative newness, featuring a renovated basement and a construction date that places it in the top 5% of homes on its street and top 4% citywide. With 990 sqft of living space, it is comfortably sized for the local area, though it sits on a smaller, 2,500 sqft lot.

The home’s assessed value is notably above average for both the street and the wider neighbourhood, suggesting it is viewed as a higher-quality asset within its immediate context. This combination of recent build, modern finishes, and strong assessed value positions it as a low-maintenance, move-in-ready property.

It would best suit first-time buyers or downsizers seeking a newer home without the premium of a brand-new build. The efficient size and modern infrastructure cater to those who prioritize contemporary comforts over expansive lot size or extensive square footage. A thoughtful perspective for buyers is to weigh the benefits of a newer, potentially more energy-efficient home against the smaller outdoor space, which could limit expansion possibilities but also reduces yard maintenance.

Section 2: Frequently Asked Questions

1. How does the smaller lot size impact the property?
The 2,500 sqft lot is below average for the area. This means lower outdoor maintenance but also limited potential for additions like a large deck, garage, or extensive landscaping. It emphasizes the property as a home, not a land play.

2. The assessed value seems high for a home of this size. Why?
The assessed value ($49.20k) ranks well above local averages, likely reflecting the home's modern construction (2018) and renovated condition. It indicates the property is considered a premium offering compared to many older homes in Ebby-Wentworth.

3. What does the "bi-level" design mean for daily living?
A bi-level typically features a short staircase to the main living area and another leading down to a lower level. This design can offer good separation of space (e.g., bedrooms on one level, living on another) but involves frequent stair use, which is an important consideration for mobility.

4. How does this home compare to others in the immediate area?
It is significantly newer than most. The average year built on Carter Avenue is 1952, making this home over 60 years more recent. However, its living area is slightly below the street average, and its lot is smaller, highlighting its modern, compact design.

5. What can the 2021 sale price tell us?
The home sold for $530k in November 2021, a price that ranked in the top 4% for the street at that time. This historical sale supports the current above-average assessment, showing a consistent pattern of it being a higher-value home in its locale.