Property Overview

This home at 18 Inman Avenue presents a distinct profile centered on value and potential. Its 660 sqft living space is notably compact, placing it well below averages for the street, neighborhood, and city. This is balanced by a larger-than-average lot for the area at over 5,000 sqft. Built in 1924, it is older than most Winnipeg homes. The municipal tax assessment is positioned below the city average, suggesting a relatively lower property tax burden.

The appeal here lies in a value-oriented entry point into the Varennes neighborhood. It suits a practical buyer—perhaps a first-time homeowner, an investor, or someone seeking to minimize their footprint—who sees the generous lot as a long-term asset. The lower living area and assessment indicate a potentially accessible price, while the lot size offers future possibilities for expansion, gardening, or outdoor space that newer, denser subdivisions often lack. It’s a property for those comfortable with the character and maintenance considerations of a century-old home and who prioritize land over interior square footage.

Frequently Asked Questions

1. Is the house too small?
At 660 sqft, the living space is significantly smaller than typical area homes. It requires efficient use of space and would not suit those needing multiple large rooms. However, its layout and the potential to finish any existing basement (subject to inspection) could add functional space.

2. What does the tax assessment figure mean for me?
The assessed value of $249,000 is used to calculate your property taxes. While not a direct market value, its position below city averages suggests your annual tax bill may be comparatively lower. The final sale price can differ from this assessment.

3. Are there concerns with a 1924 build?
Homes of this age possess character but require diligent inspection. Key considerations include the condition of the foundation, roof, wiring, plumbing, and insulation. A pre-purchase home inspection is essential to understand any needed updates or repairs.

4. How important is the lot size?
The lot is a key feature. At over 5,000 sqft, it’s larger than many on the street and in Varennes. This provides ample private outdoor space and is a valuable asset, whether for immediate use or as an option for future additions, subject to local zoning bylaws.

5. How does ranking in the "top 85%" for living area work?
This statistic means the home’s living area is greater than 85% of comparable homes on its street. Because the ranking is based on smallest to largest, being in the top 85% actually indicates it is among the smaller homes. This is a concise way of showing it is below the street's average size.