Property Overview: 595 Machray Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home on Machray Avenue in the Inkster-Faraday neighbourhood offers a practical blend of space and value. Its key characteristic is a generous 1,484 sqft of living area, which is notably above average for both the immediate street and the wider neighbourhood, providing more room than many comparable properties. The home features a renovated basement and a detached garage. Built in 1913, it is a character home with over a century of history, appealing to those who appreciate established communities.

The primary appeal lies in its efficient use of space and its positioning within the local market. While the lot size is modest relative to others on the street, the living space is substantial. This creates an interesting value proposition: you are acquiring more finished living area than is typical for the area, which is often a priority over expansive yard space for many buyers. The home’s assessed value is positioned around the average for its locale, suggesting it is in line with neighbourhood expectations rather than being a premium-priced outlier.

This property would suit a first-time homebuyer or a practical downsizer looking for a character home with ample interior space without a premium lot size. It’s also a sensible fit for an investor or owner-occupant who values a renovated basement for rental potential or flexible living arrangements. The buyer should be comfortable with the upkeep of an older home (113 years) and see the charm and space it offers as outweighing the potential for maintenance that comes with its age.

Section 2: Frequently Asked Questions

1. Is the living space as large as it seems compared to other homes?
Yes. The data shows the home’s living area ranks in the top 30% on its own street and the top 6% within the Inkster-Faraday neighbourhood, meaning it offers more interior square footage than the vast majority of direct comparables.

2. What does the assessed value tell me about the property?
The assessed value of $21,900 is around the average for both the street and the neighbourhood, but below the city-wide average. This typically indicates the property is fairly valued within its specific, established community context rather than the broader, more varied Winnipeg market.

3. The lot seems smaller than others on the street. Is that a concern?
The land area is below average for Machray Avenue. This means less yard for maintenance and potential outdoor activities, but it also often translates to a more efficient property footprint. For buyers prioritizing interior space over large outdoor areas, this is a reasonable trade-off.

4. As a home built in 1913, what should I consider?
While offering classic character, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of the foundation, plumbing, electrical systems, and roof. The renovated basement is a positive update, but the overall maintenance profile will be that of a century-old structure.

5. How does the last sold price relate to the current assessed value?
Records show it sold for an estimated $21,500k - $24,500k in early 2021. The current assessed value is consistent with that recent sale price, indicating market stability in this range for the property over the past few years.