89 Lansdowne Avenue

Property Overview

This one-storey home on Lansdowne Avenue is a classic Winnipeg character property built in 1925. Its key appeal lies in its generous, established lot—nearly 4,800 square feet—which ranks well above average for both the street and the wider city. The living space is modest at 854 sqft, and the home includes a detached garage and an unrenovated basement. The assessed value is notably low, positioning it in the top 13% citywide for this metric. This combination suggests a property with solid underlying land value and a house that presents a clear renovation or redevelopment opportunity.

It would suit a practical buyer looking for a foothold in the Luxton neighbourhood, such as a first-time homeowner comfortable with a project, or an investor interested in the long-term value of a large lot. Its appeal is less about immediate move-in readiness and more about potential, whether that's gradual updates, a future expansion, or the value of the land itself in an established area.

Frequently Asked Questions

What does the "top %" ranking for the lot size mean?
The lot is 4,798 sqft, which is larger than 77% of lots in the Luxton neighbourhood and 61% of lots across all of Winnipeg. This indicates an above-average outdoor space for the area.

Is the low assessed value a concern?
Not necessarily. A low assessment relative to the city often reflects the unrenovated state of the home itself rather than the property's worth. It can indicate a lower property tax burden, but the sale price is typically determined by the market, which strongly considers the lot's value and potential.

What can be inferred from the unrenovated basement?
It means the basement is in original or functional condition but not modernized. Buyers should budget for potential moisture-proofing, insulation, and finishing if they wish to use it as living space, and should prioritize a thorough inspection.

How does the living area compare to nearby homes?
At 854 sqft, it's smaller than many similar-era homes in the area, as the "Top 15%" ranking means 85% of Winnipeg homes are larger. This confirms the home's compact size, placing emphasis on the value of the large lot and the possibility of an addition.

What is the significance of the home's age (101 years)?
A home from 1925 will have character but will also have aging core systems. Prospective buyers should specifically investigate the condition of the foundation, roof, plumbing, and wiring, and plan for historically appropriate maintenance and updates.