Property Summary: 720 sqft Home on St Anthony Avenue

Key Characteristics & Buyer Profile

This is a compact, entry-level home with 720 sqft of living space on a 3,881 sqft lot, built in 1920 and assessed at $166k. By every metric—size, age, lot, and value—it sits well below the averages for its street, neighbourhood (Jefferson), and Winnipeg as a whole. The rankings show it falls in the bottom 5% citywide for living area and the bottom 4% for assessed value.

The appeal here is straightforward: affordability in a market where most options cost more. This isn't a house that will impress with square footage or modern finishes, but it offers a foothold in the city at a price point that's increasingly rare. The lot, while also below average, is still large enough for a garden, a small shed, or some outdoor space—something condos and many newer builds simply don't provide.

The property would suit a first-time buyer with a tight budget who values location over size, someone willing to take on a project or cosmetic updates, or an investor looking for a low-cost rental entry. It may also appeal to buyers who prioritize neighbourhood—Jefferson offers older, character homes and proximity to amenities. This is not a "turnkey" home for someone wanting move-in ready space; it's a pragmatic starting point. A less obvious perspective: for a buyer who doesn't need much room—a single person, a couple, or someone downsizing from a larger home—this smaller footprint means lower utility bills, less maintenance, and a more manageable property overall.

Frequently Asked Questions

1. Why are the rankings so low across all categories?
The rankings compare this property against every home on the same street, in the same area, and across Winnipeg. In a city where the average living area is 1,342 sqft, a 720 sqft home built in 1920 with a $166k assessed value will naturally fall near the bottom. It's simply a much smaller, older, and lower-valued home than the citywide norm. This doesn't necessarily mean it's a "bad" property—it means it's a budget-friendly option in a market where most homes are larger and more expensive.

2. What is the actual condition of the property?
The available data only covers size, age, lot, and assessed value. No information is provided about the structural condition, roof, mechanical systems, windows, or interior finishes. Any buyer would need to arrange a thorough home inspection to understand what repairs or upgrades may be needed. Given the 1920 build date, original systems (plumbing, electrical, foundation) should be carefully evaluated.

3. Is this a good investment property?
Potentially, if purchased at the right price. A low-priced home in a stable neighbourhood like Jefferson can cash-flow well as a rental, especially if it needs only cosmetic updates. However, the small size limits the rental pool—likely best suited for a single tenant or couple. The assessed value of $166k gives a rough baseline, but actual market value may differ depending on condition and demand.

4. How does the lot size affect usability?
At 3,881 sqft, the lot is below average but not tiny. It's enough for a small yard, a garden, parking for a couple of vehicles, and possibly a modest shed or deck. It won't accommodate a large addition or a detached garage without careful planning. For buyers who want outdoor space without the upkeep of a larger lot, this size can be a practical middle ground.

5. What are the potential downsides to buying a home this far below city averages?
Resale can be more challenging. A 720 sqft, 1920-built home appeals to a niche market, and future buyers may have the same concerns about size and condition. Financing could also be trickier for homes at the very low end of the price range, especially if the property needs significant repairs. Additionally, older homes in this price bracket often come with hidden issues—outdated wiring, insufficient insulation, old plumbing—that can add up quickly.