251 Templeton Avenue

Property Overview: 251 Templeton Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This home at 251 Templeton Avenue is defined by its compact efficiency and historic roots. Built in 1923, it is one of the older homes in the Margaret Park neighbourhood, offering classic character. With 828 square feet of living space and a 3,764 sqft lot, its footprint is notably smaller than area averages, positioning it as a more manageable property. The assessed value of $250k is significantly below the citywide average, reflecting its scale and vintage.

The primary appeal lies in its affordability and lower maintenance burden relative to larger homes. It represents a straightforward entry point into homeownership in Winnipeg, particularly for first-time buyers, downsizers, or investors seeking a rental property. The smaller lot and home size translate to less upkeep and lower utility costs. A thoughtful perspective is that this property offers the chance to own a detached home without the overwhelming space or yard work that can come with it, prioritizing location and practicality over square footage. It would suit a pragmatic buyer who values financial accessibility and a simpler footprint over modern size expectations.

Frequently Asked Questions

1. Is the low assessed value a cause for concern?
Not necessarily. The value is consistent with the home’s smaller size and age compared to broader averages. It primarily indicates a more affordable entry point and potentially lower property taxes.

2. What are the implications of the home’s age (built in 1923)?
While offering charm, it warrants a careful inspection. Potential buyers should prioritize a thorough evaluation of foundational, electrical, and plumbing systems to understand any needed updates or maintenance inherent to a century-old home.

3. The living area is quite small. How livable is it?
At 828 sqft, efficient use of space is key. It is well-suited for individuals, couples, or small families comfortable with a cozy layout. It may not accommodate those needing multiple dedicated rooms or ample storage without creative solutions.

4. The lot is also smaller than average. Is that a disadvantage?
This depends on lifestyle. It means less yard maintenance, which can be a significant benefit for those not wanting gardening or landscaping chores. The trade-off is limited space for expansions, large decks, or extensive outdoor recreation.

5. How reliable are the provided sold price ranges?
The listed sold price (e.g., CA$200k–250k in 2017) is based on public data. For precise historical sale figures, you must request the exact price via the provided email service, as the website manually verifies this information from official records.