Property Summary: 422 Cork Avenue, Winnipeg
Key Characteristics & Appeal
This home at 422 Cork Avenue in Margaret Park presents a solid, grounded opportunity in the Winnipeg market. Its key appeal lies in its balance and practicality rather than standout extremes. The 1,138 sqft living area is above average for its immediate street and neighbourhood, offering more interior space than many direct comparables. It sits on a lot size that is notably above average for Cork Avenue, providing valuable outdoor space and potential.
The home, built in 1966, is typical for the area and aligns with the city-wide average age. Its assessed value is consistent with the local market, positioning it as a median-priced option within its context. This creates a profile of a property that is comfortably established within its community, not over-improved or under-sized relative to its peers.
This property would suit a first-time homebuyer or a practical downsizer looking for a move-in-ready home in a stable neighbourhood without premium pricing. It’s also a sensible fit for an investor seeking a straightforward rental property with steady, long-term value in a non-speculative area. The appeal is for those who value space and neighbourhood consistency over newness or luxury finishes.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
The living area is above average for Cork Avenue and the Margaret Park neighbourhood, meaning you get more interior space than many homes on the same street.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is around the neighbourhood average, which often serves as a baseline. The final sale price will depend on current market conditions, the home’s interior condition, and buyer competition.
3. What does the lot size mean for me?
At just under 5,000 sqft, the lot is larger than most on Cork Avenue. This could allow for more private outdoor space, gardening, or future expansion like a shed or deck, subject to local bylaws.
4. The home was built in 1966. What should I consider?
Homes of this era may have original components, like windows, roofing, or electrical systems, that could be nearing the end of their service life. A thorough inspection is advised to budget for any necessary updates.
5. How can I find out what it actually sold for in the past?
The website provides sold price ranges from public data. For the exact historical sale prices, you must request that information directly from them via email, as they manually provide those details.