Property Overview: 334 Templeton Avenue, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 334 Templeton Avenue is a practical, mid-century bungalow built in 1966, situated on a generously sized lot in the established Margaret Park neighbourhood. With just over 1,000 square feet of living space, the house itself is modest and sits below the average size for its immediate street, but it is competitively positioned within the broader city context. Its primary appeal lies in its solid, no-frills foundation and its above-average land area for the Margaret Park area, offering valuable outdoor space and potential.
The property’s assessed value is consistently around average across all comparison levels—street, neighbourhood, and city—indicating a stable and fair market perception. It last sold between $300k-$350k in 2021. This home would best suit a first-time buyer, an investor, or a downsizer looking for an entry point into a mature neighbourhood without premium pricing. Its value proposition is grounded in the lot size and location rather than the size or modernity of the dwelling, making it a candidate for those comfortable with a home that may require updates or who see long-term value in the land itself.
Section 2: Frequently Asked Questions
1. Is this house smaller than others on the street?
Yes. The living area is 1,073 sq ft, which ranks in the bottom 25% for size on Templeton Avenue. However, its lot size is larger than many in the wider Margaret Park area.
2. How does the assessed value compare?
The assessed value of $33,200 is around the average for the street, slightly above average for the neighbourhood, and typical city-wide. This suggests the property is valued in line with market norms for its type and area.
3. What is the potential here for the price?
The potential is tied to the land. The lot is over 5,700 sq ft, which is above average for Margaret Park. For a buyer willing to renovate or expand, or who simply values larger outdoor space, the property offers a tangible asset that isn't reflected in the home's square footage.
4. When was it last sold and for how much?
It sold in 2021 for an estimated price between $300,000 and $350,000. Exact sale prices require a direct request to the listing service.
5. What should I consider about the home’s age?
Built in 1966, the home is older than most on its street but typical for the city. Buyers should budget for updates consistent with a home of this vintage, such as roofing, windows, or mechanical systems, while also appreciating the character and established landscaping of a mature property.