Property Overview: 347 Armstrong Avenue, Winnipeg
Key Characteristics & Appeal
This home on Armstrong Avenue in Margaret Park is defined by a standout feature: its generous 7,535 sqft lot, which ranks in the top 3% for lot size on its street. This presents a significant opportunity for buyers valuing outdoor space, gardening, or future expansion. The house itself, built in 1965, is of average size for the area at 1,049 sqft and sits on a street where its assessed value is above average. Recent sale history suggests steady market interest.
Its primary appeal lies in the land itself—a sizable, established property in a mature neighbourhood. It would suit a buyer looking for a solid foundation in a convenient location, whether that’s a first-time homeowner with room to grow, someone interested in adding value through landscaping or renovations, or a downsizer who still desires a substantial private yard without the maintenance of a brand-new, sprawling home.
Frequently Asked Questions
1. What does the "above average" assessed value on the street indicate?
It suggests the property is formally valued higher than many of its immediate neighbours, which can reflect the desirable lot size or the condition of the home. It's a useful data point for understanding its standing but should be considered alongside recent sale prices and a professional appraisal.
2. How does the lot size compare to typical city lots?
The lot is substantially larger than average. It ranks in the top 13% citywide, meaning over 85% of comparable Winnipeg properties sit on smaller parcels of land.
3. The home sold in 2022 and 2016. What does that price history show?
The sale price ranges indicate the property has appreciated over that six-year period, moving from a lower tier to a higher tier of sale prices relative to its immediate area and the city. This points to sustained demand for the property or neighbourhood.
4. Who might this property not suit?
It may not be the best fit for someone seeking a modern, move-in-ready home without any projects, as a house from the 1960s may require updates. It also might not suit those who prefer a low-maintenance, small-yard lifestyle.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly listed in detail here. You can request them directly via the email link provided on the listing page; the service commits to providing the accurate figures without using your contact information for marketing spam.