611 Herbert Avenue

Property Summary: 611 Herbert Avenue, Winnipeg

Key Characteristics & Appeal

This is a character home built in 1907, offering a blend of historic charm and practical potential. Its key feature is a generous 2,470 sqft lot, which ranks in the top 6% of the Talbot-Grey neighbourhood for size, providing ample outdoor space rarely found in central areas. The home itself is a one-and-a-half storey design with 986 sqft of living space and includes a detached garage and a basement (not renovated).

The primary appeal lies in its land value and location within a well-established community. The property’s assessed value is notably low ($15,200), which may indicate an opportunity for an investor or a buyer willing to undertake updates. It suits a specific buyer: either a hands-on individual looking for a character home with a large yard to personalize over time, or an investor considering the land value and the neighbourhood’s overall stability. A thoughtful perspective is that while the living area is modest, the lot size offers future flexibility—whether for gardening, expansion, or simply enjoying more private outdoor space than is typical.

Frequently Asked Questions

1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and include an inspection to assess its condition and potential.

2. How significant is the lot size?
Very. At 2,470 sqft, it's substantially larger than many nearby properties. This is a key asset, offering more privacy, recreation space, and potential than is common for homes of this vintage.

3. The assessed value seems low. What does this mean?
A low assessment relative to recent sale prices in the area can signal a few things, including that the property may not have been recently reassessed following market changes, or it reflects the home's current condition. It's crucial to evaluate recent comparable sales, not just the assessment, for true market value.

4. What is the neighbourhood like?
Talbot-Grey is a mature, central Winnipeg neighbourhood. The high percentile rankings for lot size and year built on this street suggest it's a stable area with a mix of historic homes, where this property holds its own in terms of land and heritage.

5. Who would this property not suit?
It likely wouldn't suit a buyer seeking a move-in-ready, modernized home without any projects. The older age and the mention of an unrenovated basement indicate a need for ongoing maintenance or renovation vision.