Property Overview: 174 Polson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic, compact character property built in 1907, situated on a standard city lot in the Luxton neighbourhood. Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, with a recently sold price range and an assessed value significantly below the citywide average. The 760 sqft living area is notably smaller than most comparable homes locally and citywide, indicating a cozy, low-maintenance footprint.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, value-oriented asset. Its below-average costs for taxes and upkeep are a clear advantage. A thoughtful perspective for the right buyer is appreciating the potential in its vintage charm and the opportunity to customize a smaller space efficiently, without the burden of a massive renovation project. It represents a practical, grounded choice in a neighbourhood of similar historic homes, ideal for someone who prioritizes financial accessibility and community over square footage.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates due to its age?
Given it was built in 1907, buyers should budget for updates common to homes of this era. While systems may be functional, planning for potential repairs or modernization of plumbing, electrical, or insulation is a prudent consideration.
2. How does the smaller living area impact daily life and resale?
The 760 sqft layout requires efficient use of space. It promotes a simpler lifestyle but may feel cramped for those needing home offices or multiple living areas. This size is a niche in the market, which can appeal to a specific buyer pool when selling.
3. What does the assessed value tell me about property taxes?
With an assessed value of $22,600—far below the citywide average—the municipal property tax burden for this home is likely proportionally lower, which is a key ongoing cost advantage.
4. Are the sold prices for nearby homes a good indicator of value?
Nearby sales on Polson Avenue show a range of values, influenced heavily by lot size, condition, and updates. The referenced sale at 146 Polson (a larger home with a lower assessed value) highlights how much condition and modernization can affect market price versus official assessment.
5. How can I get the exact historical sold price for this property?
The exact sold prices are not published in the public record. You can request the precise sale history by emailing the listing service; they provide this detail manually without using your email for marketing.