Property Overview: 923 Clifton Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Clifton Street in the Minto neighbourhood presents a distinct value proposition centered on its lot and location rather than its size. Built in 1947, the 837 sqft house is notably compact, ranking below average in living space for both the street and the wider city. However, its assessed value is well above average for both Clifton Street and the Minto area, suggesting the value is anchored in its desirable 3,547 sqft lot and established setting.

The primary appeal lies in its potential as a strategic entry point into the market. It suits buyers looking for a manageable footprint with a solid lot size, ideal for those wanting lower maintenance without sacrificing outdoor space. It could be a practical first home, a downsizing option, or a long-term investment property. A less obvious perspective is that its smaller interior, paired with a lot size that is generous for the area, offers a clear path for future expansion or renovation, allowing a buyer to add value over time. This isn't a move-in-ready showcase home; it's a property for a pragmatic buyer who sees foundation over finish.

Section 2: Frequently Asked Questions

1. Why is the assessed value relatively high for a smaller home?
The assessment likely reflects the property's substantial lot size for the area and its location on a street where homes generally hold their value. In established neighbourhoods, land value often constitutes a significant portion of the total assessment.

2. What does the sold price history indicate?
The home sold between $250k-$300k in 2019. This past sale price, combined with its current above-average assessment for the immediate area, indicates a history of stable or appreciating value in its local context, despite being below the city-wide average for assessed value.

3. Is the smaller living area a concern?
It depends on your needs. The living area is efficient and may suit individuals, couples, or small families. The rankings show it's not unusual for the Minto area, but it is significantly cozier than the typical Winnipeg home. Buyers should prioritize a viewing to ensure the layout meets their spatial requirements.

4. How does the year built (1947) affect this property?
Built in the post-war era, the home is newer than many on its street and in Minto. While this suggests potentially updated construction methods for its time, any home of this age will require a thorough inspection to assess the condition of major systems like plumbing, electrical, and the foundation.

5. What is the immediate neighbourhood like?
The tight grouping of homes on Clifton Street, as seen with the nearby property addresses, indicates a dense, traditional neighbourhood feel. The "neighbourhood analysis page" mentioned in the details is recommended to understand the mix of ages, sizes, and values of surrounding homes.