Property Overview & Key Characteristics

This one-storey home at 801 Carter Avenue in Winnipeg's Ebby-Wentworth neighbourhood is a compact, historic property built in 1913. With 768 sqft of living space and a 2,500 sqft lot, it sits below the average size for its immediate area and the wider city. A key feature is its renovated basement, adding functional space. The home lacks a garage or pool. Its assessed value is notably lower than area averages, and it last sold in 2016 for $21,900.

The primary appeal lies in its affordability and efficient footprint, representing a genuine entry point into homeownership. It suits first-time buyers, investors seeking a rental property with a lower initial outlay, or downsizers looking for minimal upkeep. Its renovated basement is a practical asset, offering flexibility for a home office, rental income potential, or additional living space. A thoughtful perspective is that its smaller scale and lot size translate to lower utility costs, property taxes, and maintenance effort, which can be a significant long-term advantage over larger, more expensive homes. Its historic character (over 110 years old) may also appeal to those who appreciate older, established neighbourhoods.

Frequently Asked Questions

1. What does the ranking data (e.g., "Top 77%") actually mean for a buyer?
This percentile ranking shows how the property compares to others. For example, "Top 77%" for living area means its square footage is greater than 77% of comparable listings in that category, but it's important to note the actual average size is higher. This indicates it's a smaller home in a market of larger comparables, which is directly reflected in its lower assessed value.

2. Is the renovated basement a legal suite?
The provided details state the basement is renovated but do not specify if it is a legal, separate suite. This is a crucial point to verify with the listing agent and city permits, as it affects rental income potential and insurance.

3. Why is there such a large difference between the assessed value and city-wide average values?
The home's assessed value is significantly lower than the city-wide average because it is a smaller, older property in a neighbourhood where comparable homes also have lower assessments. This typically results in proportionally lower property taxes, which is a key financial consideration.

4. What are the implications of not having a garage?
The lack of a garage means relying on street parking or the potential cost of adding a parking structure. Buyers should assess on-street parking availability and any related permits or restrictions, especially during Winnipeg winters.

5. How might the 1913 construction date affect maintenance?
While the basement has been renovated, a home of this age may require more ongoing attention to foundational elements, plumbing, electrical systems (which may have been updated), and insulation. A thorough, specialized inspection is highly recommended to understand the modernized condition versus original components.