Property Summary: 399 Templeton Avenue, Winnipeg
Key Characteristics & Appeal
This 980 sqft bungalow, built in 1966, sits on a notably generous 5,646 sqft lot in Margaret Park. Its primary appeal lies in the land itself—the lot size ranks well above average for both the immediate neighbourhood and the wider city, offering significant outdoor space and future potential in a mature area. The home’s assessed value is relatively strong for Margaret Park, ranking in the top 30% of the area, which suggests the property is viewed favorably within its local market context.
However, the living space is compact, ranking below average for the street and neighbourhood. This creates a clear profile: a property where the value is anchored in the land rather than the current structure. It would suit a practical buyer looking for a solid footprint in a well-established community, who is either comfortable with a smaller home or sees the opportunity for expansion or redevelopment over time. It’s a property for those who prioritize lot size and location over immediate move-in size, appealing to long-term planners, downsizers seeking outdoor space, or investors considering the land’s underlying value.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1966 build date, buyers should budget for updates. Systems like roofing, plumbing, and windows may be nearing or past their typical lifespan, and interior finishes are likely dated. A thorough inspection is essential.
2. How does the assessed value relate to the likely selling price?
The assessed value of $33.7k is for taxation purposes and is not a market valuation. The 2021 sale price was in the $350k-$400k range, which is a more relevant benchmark, though market conditions have changed since then.
3. What are the possibilities for expanding or rebuilding?
The large lot is the key feature here. It provides ample room for additions, a garage, or even future redevelopment, subject to local zoning bylaws and permits. This is a major factor for buyers valuing long-term potential.
4. How does this property rank compared to its direct neighbours?
The data shows a mix: it has a larger-than-average lot but a smaller-than-average living area for Templeton Avenue. This indicates it might be one of the more modestly sized homes on a street with larger houses, which can influence character and future values.
5. Can I get the exact historical sale prices?
The public data shows price ranges. The listing service offers to provide the exact sale prices via a manual email request, which they promise to fulfill without using your email for marketing spam.