Property Overview: 614 St John's Avenue

Key Characteristics & Appeal

This two-storey home, built in 1913, offers a practical and renovated living space in Winnipeg's Inkster-Faraday neighbourhood. With 1,240 sqft of living area, it sits comfortably around the average size for both its street and the wider city, providing a manageable footprint. A key feature is the renovated basement, which adds valuable finished space. The property includes a detached garage.

Its primary appeal lies in its strong value proposition within its immediate context. While the home is older and sits on a smaller lot (3,065 sqft) compared to many city-wide averages, its assessed value ranks above average for its street and neighbourhood. This suggests it may represent a more affordable entry point into a stable area without sacrificing interior updates. The 2016 sale price range indicates a history of relative affordability.

This property would suit first-time buyers or practical investors looking for a character home with foundational renovations already completed. It’s for those who prioritize interior space and updates over a large yard, and who are savvy about finding value in established neighbourhoods where their investment goes further on a per-square-foot basis compared to newer city developments.

Frequently Asked Questions

1. What does the assessed value ranking actually mean for me?
It indicates the home is valued higher than many of its direct neighbours and similar homes in Inkster-Faraday, which can be positive for equity. However, its below-average city-wide ranking highlights that property values in this area are generally more modest compared to Winnipeg as a whole.

2. Is the smaller lot size a significant drawback?
It depends on your lifestyle. The lot is below average for the street and city, meaning less outdoor maintenance and private space. For buyers who don't prioritize a large garden, this can be an acceptable trade-off for the home's interior space and neighbourhood positioning.

3. As a 1913 home, what should I be mindful of?
While the basement has been renovated, the core structure is over a century old. A thorough inspection is essential to understand the condition of foundational elements, the roof, wiring, and plumbing, which may still be original or dated despite recent updates.

4. How stable is the value in this area?
The sold price data from 2016 and the current assessment show consistency within a modest range. This suggests a stable, non-volatile market segment rather than one experiencing rapid appreciation. It's a profile of steady, long-term value.

5. Why is the exact sold price not publicly listed?
The provider uses a manual verification system to ensure price accuracy, as public records can be incomplete. They disclose the verified price directly upon request via email, a practice aimed at ensuring reliability over convenience.