Property Overview: 387 Templeton Avenue, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1966, sits on a notably generous 5,646 sqft lot in Margaret Park. Its primary appeal lies in its land value and established neighbourhood setting. While the home itself is modest in size and assessed value compared to local averages, it offers a solid foundation in a mature area. The lot size is a standout feature, ranking above average for the neighbourhood, which presents potential for outdoor space, gardening, or future expansion.
This property would suit a pragmatic buyer, such as a first-time homeowner comfortable with a home that may require updates, or an investor looking for a land-strong asset in a stable community. Its value proposition is less about immediate luxury and more about securing a footprint in the city with room to grow. A thoughtful perspective is that its "below average" assessed value on its street could indicate an opportunity in a location where neighbouring properties hold higher value, suggesting potential for equity growth through thoughtful improvements.
Frequently Asked Questions
1. Is this a fixer-upper?
Based on its 1966 build date and assessed value that ranks below the street average, the home likely requires some modernization or maintenance. It represents a classic solid structure with the potential to add value through renovations.
2. What makes the lot size significant?
At over 5,600 sqft, the lot is larger than many in the immediate area. This provides more private outdoor space than typical and could be a long-term asset for additions, a larger garage, or simply more yard.
3. How stable is the property's value?
Sales history shows it sold in the $250k-$300k range in both 2016 and 2020, indicating a period of relative price stability in its market segment, even through broader market shifts.
4. What is the neighbourhood like?
Margaret Park is an established, no-frills residential area. The data shows homes here are generally of a similar vintage and scale, suggesting a consistent, quiet streetscape without extreme disparities between properties.
5. How can I get the exact past sale prices?
The listed sale prices are estimated ranges from public data. You can request the precise historical sale figures by emailing the site directly; they provide this verified information manually without using your contact for spam.