Property Overview: 644 Polson Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 644 Polson Avenue stands out in its neighborhood for its modern foundation. Built in 2018, it is a significantly newer construction compared to most homes on its street and in the wider Inkster-Faraday area, where average build dates are from the 1930s. This translates to less immediate concern over major aging components like roofing, windows, or foundational systems.

The home offers 1,141 sqft of living space, which is above average for Polson Avenue and competitive within the local area. A key feature is its renovated basement, adding functional living space. The lot size of 3,090 sqft is typical for the immediate vicinity but is more compact compared to the Winnipeg city-wide average.

Its primary appeal lies in its balance of modern build quality and established neighborhood setting. It suits buyers looking for a move-in-ready home without the premium of a brand-new subdivision, and who value the practical advantages of newer construction—like potential energy efficiency and updated building standards—within a mature community. The property’s assessed value of $350k is elite for the street and neighborhood, indicating it is viewed as a higher-tier home in this specific market, but aligns with the broader city average.

Section 2: Frequently Asked Questions

1. What does the high assessed value relative to the neighborhood mean?
It primarily reflects the property’s modern build year (2018) and renovated condition compared to the older housing stock that dominates the area. This suggests it should command a higher value, but it's wise to compare recent sale prices of similar-age homes in broader North Winnipeg for context.

2. Are there any drawbacks to the lot size?
While the lot is standard for Polson Avenue, it is below the city-wide average. This means larger outdoor amenities like a big garden or extensive decking may be less feasible, but it also typically translates to less yard maintenance.

3. What is the significance of the 2019 sale price range shown?
The listed sale price from 2019 (approximately $25.5k-$28.5k) is historical and not indicative of current market value. It likely represents a transaction prior to the home's completion or a non-arms-length sale. The current assessed value of $350k is the relevant figure for today’s market.

4. Who might this home not suit?
Buyers seeking a classic character home with architectural details common to older neighborhoods may find this bi-level too modern. Additionally, those prioritizing a very large private yard or needing extensive garage/parking facilities (it has no garage) might need to look elsewhere.

5. How does the renovated basement affect the living space?
The renovated basement effectively increases the usable living area beyond the 1,141 sqft main floor footprint. It’s important to clarify the nature of the renovation—whether it created a legal suite, additional bedrooms, or a recreational space—and to verify if all work was permitted.