Property Overview

This one-and-a-half storey home, built in 1926, is a classic Winnipeg character property situated on a notably generous lot for its neighbourhood. At 792 sqft of living space, it offers compact, efficient living. The home presents a solid baseline with an unrenovated basement and no garage, positioning it as an affordable entry point into the market. Its assessed value is modest and in line with similar homes in the Inkster-Faraday area, suggesting a manageable property tax burden. The appeal here is rooted in fundamentals: a larger-than-average lot for the immediate street, providing valuable outdoor space or future potential, wrapped in a historically typical home for the community. It last sold in mid-2021.

This property would best suit a first-time buyer, an investor looking for a straightforward rental property, or a hands-on individual comfortable with a home that may require personalization over time. It’s for someone prioritizing lot size and location affordability over move-in-ready finishes or modern square footage.

Frequently Asked Questions

What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped roof lines, often creating cozy bedrooms with unique character. It’s a common, efficient design for homes of this era in Winnipeg.

Is the unrenovated basement a major concern?
It indicates the mechanical systems and foundation are in original or older condition. While it may be perfectly functional, a buyer should budget for potential updates and will want to inspect it thoroughly for moisture issues common in older Winnipeg basements.

The assessed value seems very low compared to the city-wide average. Why?
Property assessments in Manitoba are based on a mass appraisal system and market value. This figure reflects the home’s value relative to similar properties in its area, not city-wide averages which include newer, larger homes in different markets. It is a useful gauge for property taxes, not necessarily current sale price.

How significant is the larger lot size?
On a street and in an area where lots are typically smaller, a 4,014 sqft lot is a tangible asset. It offers more private outdoor space, better potential for additions (subject to zoning), and simply feels less cramped than neighbouring properties—a key differentiator.

What can the 2021 sale price range tell me?
While not the exact price, the public range gives a recent market benchmark. Comparing it to the current assessed value and considering market changes since 2021 can help frame the home’s financial trajectory and current asking price.