Property Overview

637 Machray Avenue is a one-storey home with a renovated basement and a detached garage, built in 1939. With 1,013 square feet of living space on a 4,028 sqft lot, it presents a practical, no-frills opportunity in Winnipeg's Inkster-Faraday neighbourhood.

Key Characteristics & Appeal

This home’s primary appeal lies in its solid value proposition within its immediate area. While its living space is modest compared to others on Machray Avenue, it holds an "Elite" standing for its assessed value within the Inkster-Faraday neighbourhood, ranking in the top 5%. This suggests the property is viewed as a strong asset relative to its local peers. The renovated basement adds functional living space, and the lot size is above average for the area, offering good outdoor potential.

It would suit a first-time buyer or an investor looking for an entry point into the market with a property that has clear, established value in its community. It’s a home for someone pragmatic, who prioritizes financial positioning in a neighbourhood over sheer size or modern features. A thoughtful perspective is that this property may represent a "steady anchor" in its area—not the largest or newest, but one with a history of maintaining its worth comparably well on local metrics.

Frequently Asked Questions

1. How does the assessed value compare?
The home’s assessed value is notably strong within its own Inkster-Faraday neighbourhood, ranking in the top 5%. This is its most standout metric, though it is more average on its specific street and below the city-wide average.

2. What is the living space like?
At 1,013 sqft, the living area is below the average for both Machray Avenue and the city overall, but is around the average for the Inkster-Faraday neighbourhood. This indicates a compact, efficiently sized home for the area.

3. Has the property value increased?
Based on available sold price ranges, the property sold for between $21.5k-$24.5k in 2017 and between $26.5k-$29.5k in 2021, suggesting an increase in that four-year period.

4. What about the lot and outdoor space?
The 4,028 sqft lot is above average for the Inkster-Faraday neighbourhood, providing a decent outdoor space relative to nearby homes, though it is below the average lot size on Machray Avenue itself.

5. Are there similar properties for comparison?
The listing provides examples of nearby homes on the same street and properties with identical assessed values in other Winnipeg neighbourhoods, such as Roblin Park and Westdale, for broader market context.