Property Overview: 1767 Mathers Avenue
This 1,216 sqft bungalow, built in 1959 on a 4,862 sqft lot, presents a straightforward opportunity in Winnipeg’s Mathers neighbourhood. Its appeal is rooted in its position as a practical, no-frills property. The home sits below the average size and assessed value for its specific street, which suggests it may be one of the more accessible entry points into the area. However, when viewed within the broader Mathers neighbourhood and city-wide context, its metrics are consistently around average, indicating it’s a typical representative of Winnipeg’s post-war housing stock. It last sold between $400k-$450k in 2022.
This property would suit a first-time buyer or practical investor looking for a functional home in an established area without premium pricing for the street. It’s for someone who values location over size or recent updates, and who sees potential in a home that is statistically modest for its immediate surroundings but aligned with broader market averages.
Frequently Asked Questions
1. Is this a good value for the Mathers area?
The data suggests it is priced accessibly for Mathers Avenue itself, as its assessed value and living area rank below the street's average. This could indicate a relative value compared to neighbouring homes, though condition and updates are key factors.
2. What does the sold price history tell me?
The 2022 sale in the $400k-$450k range provides a recent market benchmark. Understanding what, if any, changes were made to the property since that sale will be crucial in assessing its current value.
3. How does the lot size impact potential?
At just under 5,000 sqft, the lot is below average for both the street and neighbourhood. This may limit expansion possibilities like large additions or pools, but it also means less maintenance.
4. The home was built in 1959. What should I be aware of?
While the building age is typical for Winnipeg, a home of this vintage likely has original major systems (like plumbing, electrical, and heating). A thorough inspection is essential to budget for potential updates or repairs.
5. Why are the rankings for the same feature so different?
A key insight from the data is how context changes perspective. The home ranks lower on its own street for size and value but appears average in the wider neighbourhood. This highlights that Mathers Avenue itself may have larger, higher-value homes, making this property a more modest option on that specific block.