Property Overview: 642 Ian Place, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 642 Ian Place in the Rossmere-A neighborhood presents a practical and straightforward opportunity in the Winnipeg market. Built in 1960, it is a home of its era, offering a manageable 965 sqft of living space on a notably generous 5,746 sqft lot. The lot size is a key feature, being larger than most on its street and providing valuable outdoor space or future potential that is less common in this price range.

Its primary appeal lies in its position as an affordable entry point into the detached housing market. With a tax-assessed value of $309,000, it sits below the average for its immediate area and the city. This is complemented by data suggesting a previous sale in the $250,000-$300,000 range in mid-2020. The home suits first-time buyers, investors, or downsizers seeking a lower-maintenance property with a solid lot size, who are prepared for the realities of a smaller, older home that may require updates. A less obvious perspective is that its consistent below-average metrics (in size and value for the area) could indicate less volatility and a stable, predictable investment in a well-established neighborhood, rather than a speculative play.

Section 2: Frequently Asked Questions

1. Is the living space smaller than average?
Yes. At 965 sqft, the home's living area is below the average for its street, neighborhood, and Winnipeg as a whole. This is a key consideration for space needs but contributes to its accessible price point.

2. What is the significance of the large lot?
The 5,746 sqft lot is larger than over 80% of lots on Ian Place. This is a valuable asset, offering more private outdoor space, gardening potential, or future expansion possibilities (subject to zoning and permits) than is typical for comparable homes.

3. How current is the sale price information?
The most recent transaction data referenced is from May 2020, showing a sale between $250,000 and $300,000. For precise, current sale history, the listing source indicates you must contact them directly, as they provide that data manually due to industry restrictions.

4. How does its age compare to nearby homes?
Built in 1960, it is typical for its street and slightly older than the average home in Winnipeg. Buyers should budget for maintenance and systems updates consistent with a home of this vintage.

5. What does the tax assessment tell us?
The City's assessed value for taxation purposes is $309,000. This is a formal valuation used to calculate property taxes and generally indicates the municipal appraisal of the property's worth relative to others, placing it in the lower tier for its immediate area.