Property Overview
This unit at 5-1700 Taylor Avenue in Winnipeg's Mathers neighbourhood presents a practical, no-frills homeownership opportunity. Built in 1959, it offers 1,047 sqft of living space, which is notably above average for similar units on its street and in the immediate area. Its assessed value is modest, sitting well below the Winnipeg city-wide average for comparable properties, which is reflected in its recent sold price history. The appeal here is grounded in value and space: you get more square footage for your dollar compared to many peers, albeit in an older building. It would suit a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a functional home with lower property tax obligations. A less obvious angle is its potential for a buyer who values established, tree-lined neighbourhoods over newer subdivisions, and who sees the lower assessment not as a drawback, but as a foundation for building equity with a manageable annual tax burden.
Frequently Asked Questions
1. Is this a good value for the space?
Yes. The living area is in the top 24% for similar units on Taylor Avenue and the top 19% in the Mathers area, meaning it offers more space than most direct comparables, while the assessed value remains below the city average.
2. What are the main considerations with a 1959 build?
While the building is older and may require updates to mechanical systems or windows, this is typically factored into the price. The lower assessed value also suggests correspondingly lower property taxes.
3. Who would this property suit best?
It's a strong match for budget-conscious first-time homebuyers prioritizing interior space, or for investors seeking a rental property with a lower cost basis in a stable neighbourhood.
4. How does its value compare to the wider city?
Its assessed value ranks in the top 74% citywide, but note this means it's in the bottom 26%—it is considered below average compared to all similar Winnipeg properties. This indicates a more affordable entry point.
5. How can I find out the exact past sale price?
The listing service provides sold price ranges based on public data. To obtain the exact historical sale figure, you must request it directly from them via email; they provide this as a manual, no-spam service.