Property Overview: 330 Armstrong Avenue, Winnipeg
Key Characteristics & Appeal
This home at 330 Armstrong Avenue in Margaret Park presents a specific value proposition. Built in 1969, it is newer than many homes on its street and in the wider neighbourhood. Its 1,260 sqft living area is comfortably above average for the local area, offering more interior space than many comparable homes. However, its key differentiators are its lot size and assessed value. The property sits on a modest 2,885 sqft lot, which is notably smaller than typical lots in Winnipeg. Correspondingly, its assessed value is significantly below average, ranking in the bottom 10-15% for its immediate area.
The primary appeal lies in this combination: a relatively modern (for its vintage) home with generous interior space, offered at a price point well below area norms due to its compact lot. This suits practical buyers who prioritize indoor living space over yard maintenance and are seeking an entry point into the Margaret Park neighbourhood. It’s a pragmatic choice for first-time homeowners, downsizers, or investors looking for a rental property, where the smaller yard is a trade-off for affordability and a manageable footprint.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is primarily driven by the property's physical characteristics, most notably its land area, which is considerably smaller than the neighbourhood average. This results in a lower overall valuation compared to homes with larger lots.
2. What does "above average" living area mean in this context?
While the 1,260 sqft living area is above the average for Margaret Park (which is about 1,047 sqft), it's important to note it is around the city-wide average. This means you get more interior space than many nearby homes, but it is a standard size for Winnipeg overall.
3. Is the smaller lot a major disadvantage?
It depends on your lifestyle. It limits potential for expansions like large additions or pools and offers less private outdoor space. However, it means far less yard work and lower property taxes, which can be a significant advantage for those not wanting extensive outdoor maintenance.
4. How reliable are the sold price ranges shown?
The provided price ranges are based on public data and are estimates. For the exact historical sold price, you must request it directly via the provided email service, as this information is verified and shared manually.
5. The home is newer than others on the street. Does that mean fewer issues?
While a 1969 build is newer than many area homes, it is still over 50 years old. Key systems like roof, windows, plumbing, and electrical may have been updated over time, but a thorough inspection is always recommended to understand the current condition, regardless of its relative age on the block.