Property Overview: 228 Worthington Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the Lavalee neighbourhood presents a practical and value-oriented opportunity. Its key characteristic is a generous, 10,648 sqft lot that ranks within the top 5% city-wide for size, offering significant outdoor space and potential in a city where such large parcels are increasingly rare. The home itself, built in 1954, is of average size for the area at 1,064 sqft and features a renovated basement. A detached garage provides additional storage or workshop space.

The appeal lies in its balanced profile: it's a property with a land asset that far exceeds the city norm, coupled with a liveable, updated interior space. Its assessed value consistently ranks above average for its immediate street and neighbourhood, suggesting it is viewed favorably relative to its local peers. This home would suit a buyer looking for a solid footprint in Winnipeg—perhaps a first-time homeowner wanting room to grow, a downsizer seeking a manageable house with a large yard, or an investor recognizing the long-term value of a substantial lot. It’s not a luxury showpiece, but a grounded property where the true standout feature is the land beneath it.

Section 2: Frequently Asked Questions

1. How does the lot size compare to a typical Winnipeg property?
The lot is exceptionally large by city standards. At over 10,600 sqft, it is more than 60% larger than the average Winnipeg residential lot (approx. 6,570 sqft), placing it in the top 5% city-wide.

2. Has the property’s value been stable?
Recent sale history shows steady appreciation. The last recorded sale in late 2022 was in a range significantly higher than the sales in 2019 and 2017, indicating a trend of increasing market value over the past several years.

3. Is the home considered modern or dated?
The home itself is of average age for its neighbourhood (built in 1954), but key updates have been made, specifically a renovated basement. Buyers should anticipate the maintenance typical of a 70-year-old structure, balanced with some modernized living space.

4. What does the "above average" assessed value for the street mean?
It means this property’s official municipal assessment is higher than most of its direct neighbours on Worthington Avenue. This often reflects factors like the renovated basement, the large lot, or overall condition, but it also typically correlates with a higher property tax bill.

5. Who would this property not suit?
It may not suit buyers seeking a brand-new, low-maintenance home or those with mobility concerns, as it is a one-storey with basement stairs. It’s also likely not for someone who views a large yard as a burden rather than an asset, given the significant lot size.