Property Overview: 368 Templeton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 368 Templeton Avenue in Margaret Park is a practical, mid-century property built in 1965. With 1,091 sqft of living space and a 5,351 sqft lot, it sits on a slightly larger-than-average parcel for its immediate area. The home’s assessed value of $310k positions it as a more accessible entry point on its street and within the neighbourhood, ranking below the average for Templeton Avenue but closer to the middle range for Margaret Park and citywide.
Its primary appeal lies in its value proposition and lot size. For a buyer comfortable with a home from the 1960s, it offers the potential of a manageable renovation project on a good-sized lot, without the premium price tag of newer or larger homes on the same street. It would suit a first-time buyer, an investor, or a downsizer looking for a foothold in a stable neighbourhood who prioritizes land space over modern, turn-key condition. The data suggests it’s a property where value is derived more from its location and land than from its current structure or finishes, appealing to those with a vision for gradual updates.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data indicates it is. With an assessed value ranking in the bottom 30% on Templeton Avenue, it presents a lower price point than many neighbours, which could allow for budget towards updates.
2. What does the sold price history tell us?
It last sold between $300k–$350k in 2021. This suggests its current $310k assessment is in line with recent market activity, indicating stable, not speculative, value.
3. How does the lot size compare?
The lot is a key feature. At over 5,300 sqft, it’s larger than many lots in Margaret Park and citywide, offering valuable outdoor space or future expansion potential uncommon at this price point in the area.
4. Is the living space small for the neighbourhood?
At 1,091 sqft, it’s notably smaller than the average home on Templeton Avenue. However, it’s close to the average for the wider Margaret Park area. This highlights a trade-off: you get a larger lot but a more modestly sized home.
5. What should I consider about the year it was built?
Built in 1965, it’s older than most on its street. Prospective buyers should factor in the potential for updates to major aging components like roofing, windows, and electrical systems, which is typical for homes of this vintage.