Property Overview
This 672 sqft bungalow at 1327 Aikins Street in Winnipeg's Margaret Park neighbourhood presents a specific and compelling value proposition. Built in 1971, it is notably newer than most homes on its street and in the immediate area. Its key appeal lies in the relationship between its modest living space and its proportionally large, 3,603 sqft lot, which is above average for Aikins Street. The home last sold between $200k-$250k in 2022, and its current assessed value is $24,700, which is high for its street but below average for the wider city.
This property is best suited for a pragmatic buyer—perhaps a first-time homeowner, downsizer, or investor—who prioritizes land potential over immediate square footage. The appeal is not in a move-in-ready luxury finish, but in the underlying fundamentals: a newer structure (for the area) on a good-sized lot in an established neighbourhood. It’s a property for someone who sees the value in a solid foundation, whether for long-term holding, future expansion, or as a manageable entry point into the market.
Frequently Asked Questions
1. Is this a small house?
Yes, at 672 sqft, the living area is below average for Margaret Park and Winnipeg overall. However, the lot size of 3,603 sqft is above average for Aikins Street itself, suggesting potential for future additions or outdoor space.
2. Why is the assessed value so much lower than the last sold price?
The 2022 sale price reflects the open market value at that time. The city's assessed value for tax purposes ($24,700) often lags behind and is calculated using a different methodology, which explains the significant discrepancy.
3. What does it mean that the house is "newer" than others on the street?
Built in 1971, this bungalow is significantly younger than the typical home on Aikins Street (average year built ~1940). This could imply newer major systems like plumbing and electrical, and potentially fewer immediate maintenance concerns related to age.
4. Who would this property not suit?
It likely wouldn't suit a buyer needing substantial, move-in-ready living space for a larger family, or someone unwilling to consider renovations or additions to gain more square footage in the future.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. The listing service notes that the exact sale price can be requested directly from them via email, which they provide manually without using your email for marketing.