Property Overview: 393 Armstrong Avenue, Winnipeg
Key Characteristics & Appeal
This home on Armstrong Avenue in the Margaret Park neighbourhood presents as a solid, average-sized property within its local context. Built in 1965, it sits on a just-under 5,000 sqft lot and features approximately 1,138 sqft of living space. The data suggests it is consistently "around average" when compared to homes on its street, in its neighbourhood, and city-wide for metrics like size, lot, and year built. Its assessed value, however, trends slightly above average for Margaret Park specifically.
The appeal lies in its established location and its position as a typical, no-surprises property in the area. It’s not an outlier in size, value, or age, which can indicate stability and predictability. This would suit a practical buyer—perhaps a first-time homeowner or a downsizer—looking for a straightforward home in a mature neighbourhood without the premium of a recently renovated property or the extra upkeep of a much larger lot. A thoughtful perspective is that its consistent averageness across the board could mean less competition from buyers chasing standout features, potentially offering a more reasonable entry point into the area.
Frequently Asked Questions
1. How does the sold price from 2022 relate to its current value?
The home sold for an estimated $350k-$400k in 2022. This historical price is a key data point, but current market conditions, interest rates, and any changes made to the property since then will determine its present value.
2. What does it mean that the assessed value is "above average" for the neighbourhood?
The assessment is used for calculating property taxes. Being above the neighbourhood average for assessed value could indicate the municipality views it as a relatively higher-value property within Margaret Park, though it remains around the city-wide average.
3. Is a 1965-built home likely to need major updates?
While systems and components in a home of this age may be functional, buyers should be prepared for the potential need to update or replace aging infrastructure, such as plumbing, electrical, or the roof, based on a thorough inspection.
4. How does the lot size compare to newer subdivisions?
At 4,997 sqft, the lot is smaller than the current city-wide average for all homes. This means less exterior maintenance but also potentially less private outdoor space than what is found in many newer suburban developments.
5. Can I get the exact historical sold price?
Yes, the exact sold price is not publicly listed, but you can request it directly via the provided email service. They provide this data manually without using your email for unsolicited marketing.