Property Overview: 933 Weatherdon Avenue, Grant Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the established Grant Park neighbourhood presents a specific and practical opportunity. Its key characteristic is a notable imbalance between the size of the house and the lot. The living area is compact at 688 sq ft, placing it well below average for the area, and the basement is noted as unrenovated. However, it sits on a generously sized lot of nearly 5,000 sq ft, which is significantly larger than many of its immediate neighbours on Weatherdon Avenue.

The primary appeal lies in this land potential and location. The lot offers ample outdoor space and future possibility in a mature, central neighbourhood. The home itself, built in 1955, functions as an affordable entry point into the area. It suits buyers looking for a footprint to build upon, whether that means extensive renovations, a future addition, or simply valuing a large private yard over interior square footage. It’s a pragmatic choice for a hands-on buyer, an investor eyeing land value, or someone seeking minimal interior upkeep with maximum outdoor space. The assessed value is modest relative to the city, suggesting lower property taxes, which adds to its efficiency as a starter home or a strategic holding property.

Section 2: Frequently Asked Questions

1. Is the house livable in its current state?
Yes, it is a functional, one-storey home. However, buyers should be prepared for its smaller living area and should budget for any personal updates or repairs, as the basement is specifically noted as not being renovated.

2. Why is the assessed value so much lower than the average for Grant Park?
The assessed value reflects the home’s relatively small size and condition compared to larger, more updated homes in the wider neighbourhood. The value is closely aligned with similar-sized properties city-wide, highlighting that you are primarily paying for the land and location here.

3. What can I do with such a large lot?
The lot size is a major asset. It provides room for expansive gardens, recreational space, or future projects like a garage, workshop, or even a home addition (subject to local zoning and permit approvals). It offers a level of privacy and outdoor potential rare for the street.

4. How does the recent sold price compare to the assessment?
The home sold for between $275,000 and $305,000 in late 2024. This sale price came in significantly above its $286,000 assessed value, indicating that the market price strongly reflects the underlying land value and location appeal that the assessment may not fully capture.

5. Are there any major concerns with a home from 1955?
As with any home of this age, a thorough inspection is essential. While systems may have been updated over time, potential buyers should be mindful of the condition of the roof, wiring, plumbing, and foundation. The unrenovated basement warrants particular attention for moisture issues or needed structural updates.