424 Armstrong Avenue

Property Overview

This 1,040 sqft bungalow on a 5,025 sqft lot at 424 Armstrong Avenue presents a solid, mid-century home in Winnipeg's Margaret Park neighbourhood. Built in 1965, its key appeal lies in its established setting and above-average assessed value relative to its immediate area, suggesting a well-maintained property or desirable lot. The home last sold in the $300k-$350k range in 2023. It suits practical buyers looking for a move-in-ready home in a mature neighbourhood without the premium of a newer build, and could be a good fit for first-time homeowners, small families, or downsizers seeking single-level living.

Key Characteristics & Appeal

The home’s living space is modest but typical for the area, offering a functional layout. Its standout metric is the assessed value, which ranks in the top 28% on its own street and top 21% in Margaret Park, indicating it is viewed as a higher-value property among its close peers. This could be due to updates, a favourable lot, or simply sustained care. The lot size is also slightly above average for the street, offering a bit more outdoor space. Its appeal is grounded in stability and neighbourhood integration rather than standout size or newness. It would suit a value-conscious buyer who prioritizes a proven location and a home that holds its worth well locally over cutting-edge features or expansive square footage.

Frequently Asked Questions

1. How does the assessed value compare to the likely market price?
While the assessed value for tax purposes is $34,500, the home sold for between $300,000 and $350,000 in 2023. Assessed value is not a direct indicator of market price but is used for calculating property taxes.

2. What does the "above average" assessed value ranking practically mean for me?
Ranking in the top 21-28% for assessed value in the immediate area often suggests the municipality views this property as having higher worth than many neighbours. This can sometimes correlate with better maintenance, desirable lot attributes, or improvements, but it also means your property tax bill will likely be higher than on a similar-sized home with a lower assessment.

3. Is the living area considered small?
At 1,040 sqft, it is slightly below the average for similar homes on Armstrong Avenue (1,131 sqft) but is very close to the average for Margaret Park (1,047 sqft). It represents a comfortable size for a bungalow, efficient for living without being overly spacious.

4. The home is nearly 60 years old. What should I consider?
A home from this era is common in Winnipeg. It's crucial to have a thorough inspection focusing on the aging components typical of mid-60s construction, such as the roof, plumbing, electrical systems, and foundation. The upside is that the neighbourhood's character and lot sizes are well-established.

5. Can I get the exact historical sale price?
The public data shows a sale price range. The exact, precise sale price is available by request from the listing service. You can provide your email to receive that specific figure directly.