1860 Assiniboine Avenue

Property Overview: 1860 Assiniboine Avenue

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1918, presents a compelling blend of classic charm and modern updates within Winnipeg’s Bruce Park neighbourhood. Its primary appeal lies in its generous proportions. With over 2,300 square feet of living space, the home ranks in the top 4% of houses in the area for size, offering ample room for a growing family, dedicated workspaces, or comfortable entertaining. This sense of space is enhanced by a fully renovated basement, adding valuable functional square footage.

The property sits on a 6,116 sqft lot, which is notably larger than the average city lot, providing excellent outdoor potential in a mature, established area. While the home itself is older than most on its street, this often translates to character, solid construction, and desirable architectural details not found in newer builds. The attached garage adds practical convenience.

This home would best suit buyers who prioritize interior space and a renovated basement over having a new or recently built property. It’s ideal for those seeking a character home with room to grow in a central neighbourhood, who appreciate the value of a large lot and are comfortable with the maintenance considerations of a century-old structure. The assessed value is well-aligned with similar homes in Winnipeg, suggesting a solid foundation of value within the broader market.

Section 2: Frequently Asked Questions

1. How does the lot size compare to the neighbourhood?
While the lot is above average for the city, it is actually below average for Assiniboine Avenue specifically. This means you get a very spacious home on a manageable lot, which can be appealing for those who want less yard maintenance but don’t want to compromise on living space.

2. What does the home’s age and ranking mean for a buyer?
Built in 1918, the home is among the older properties on the street. This ranking indicates potential for heritage charm and sturdy build quality, but it also warrants a thorough inspection to understand the condition of major aging components like the roof, plumbing, and wiring.

3. The home sold recently in 2023. What does that indicate?
The sale price of $600k in 2023 was well above the neighbourhood average at that time, placing it in the top 5% for Bruce Park. This strong recent sale suggests the market recognized and paid a premium for its combination of size, renovation, and location.

4. Is the assessed value a good indicator of the expected price?
The current assessed value of $510k is a municipal valuation for tax purposes. The 2023 sale at $600k is a more direct indicator of its recent market value. Buyers should use recent comparable sales, not the assessment, to gauge current worth.

5. Who would this home not suit?
It may not be the best fit for buyers seeking a modern, open-concept layout or a brand-new, low-maintenance property. Those prioritizing a massive yard or who are hesitant about the potential upkeep and updating needs of a 100+ year-old home might want to consider newer builds.