Property Overview

This one-storey home at 580 Polson Avenue in Winnipeg’s Inkster-Faraday neighbourhood presents a practical and straightforward opportunity. Built in 1944, its key appeal lies in its relative value within its immediate area. The 792 sqft living space is compact, placing it below the average size for similar homes nearby, but it sits on a standard city lot of approximately 3,549 sqft. A notable feature is the renovated basement, adding functional space, and the property includes a detached garage.

The home’s strongest characteristic is its financial positioning within the local market. While its size is modest by broader city standards, its assessed value ranks well above average for the Inkster-Faraday area, suggesting it is viewed as a solid asset in this specific community. This dynamic makes it a compelling option for first-time buyers or investors seeking an entry point into the Winnipeg market without the premium of a larger home. It would also suit those looking for a low-maintenance, single-level layout with updated fundamentals. The appeal is grounded in practicality and location-specific value rather than luxury or size.

Frequently Asked Questions

1. How does this home’s value compare to others in the area?
The assessed value is notably strong for the Inkster-Faraday neighbourhood, ranking in the top 9% locally. This indicates that, compared to its immediate peers, this property is considered a higher-value asset.

2. Is the living space particularly small?
At 792 sqft, the living area is below the average for similar homes on Polson Avenue and in Winnipeg overall. The renovated basement, however, provides additional usable space to offset the compact main-floor footprint.

3. What does the sale history tell us?
The home sold previously in 2016 and 2020. The increase in sale price range between those dates aligns with the above-average assessed value for the area, indicating steady local market appreciation during that period.

4. Who might this property not suit?
Buyers needing significant above-grade square footage, modern open-concept layouts, or extensive yard space may find this home limiting. Its strengths are in its value proposition and functional updates rather than spaciousness.

5. What is the significance of the lot size?
The lot is fairly typical for the street and neighbourhood. It offers standard outdoor space for a city home but is below the Winnipeg city-wide average, reflecting the denser, established nature of the area.