Property Overview

This one-and-a-half storey home on College Avenue in the Inkster-Faraday neighbourhood presents a distinct value proposition centred on space and land. Its key appeal lies in offering significantly more living area (1,568 sq ft) and a larger lot (5,493 sq ft) than most comparable homes in its immediate area and on its street. Built in 1910, it is a character home with an unrenovated basement and a detached garage. The assessed value is notably modest compared to the Winnipeg city-wide average, suggesting a lower property tax burden relative to the physical space offered.

This property would suit a practical buyer who prioritizes interior and yard space over modern finishes, such as a growing family, a multi-generational household, or an investor looking for a value-add opportunity. It’s also a fit for those who appreciate the established, quiet feel of a street where homes are closely set but lots are generous. The unrenovated basement represents both a project and potential, allowing a new owner to customize the space to their needs.

Frequently Asked Questions

1. What does the assessed value tell me about this property?
The assessed value is significantly below the Winnipeg city average, which typically correlates with lower annual property taxes. This can make the home’s ongoing ownership costs more manageable, freeing up budget for updates or improvements.

2. How does the living space compare to nearby homes?
With 1,568 sq ft, this home offers substantially more living area than most in the Inkster-Faraday neighbourhood and on College Avenue itself, ranking in the top 11% on its street. You are getting more interior space than the typical home in this locale.

3. What should I consider about the 1910 build date?
As one of the older homes in the area, it’s essential to have a thorough inspection to understand the condition of core systems like wiring, plumbing, and the foundation. This age also often means character details but may require more mindful maintenance.

4. What are the advantages of such a large lot?
The lot size is well above average for the area, offering ample outdoor space for gardening, recreation, or future additions like a shed or expanded deck. It provides a sense of openness that is less common on this street.

5. The basement is noted as “not renovated.” What does this imply?
This indicates the basement is in original or functional condition, not updated with modern finishes. It presents a blank canvas for finishing but requires a careful review for moisture, ceiling height, and necessary structural updates to meet current living standards.