Property Overview & Key Characteristics
This home at 1020 Radisson Avenue in Winnipeg's Maybank neighbourhood presents a specific and practical value proposition. Its key appeal lies in a generous 5,250 sqft lot, which is notably larger than most on its street and in the immediate area. This offers significant outdoor space and potential not found in many comparable listings. The house itself is a modest 720 sqft bungalow built in 1954, with a correspondingly low municipal assessed value. This combination results in a property where the land value is a primary feature.
It would best suit a value-conscious buyer—perhaps a first-time homeowner, an investor, or a downsizer—whose priorities are land size and affordability over interior square footage. The buyer should be prepared for a home that likely requires updates, viewing it as a solid foundation or a long-term hold where the lot itself is the key asset. It’s a property for someone who sees potential in the land and is comfortable with a smaller, vintage floor plan.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based heavily on the home's modest size, age, and likely condition, not the potential market value or the desirable lot size. It reflects a municipal valuation for tax purposes, not a sale price.
2. What does the lot size ranking mean for me?
Ranking in the top 24% for land area on its street means this property has one of the larger lots in the immediate vicinity. This could allow for more privacy, gardening space, expansion potential, or simply more yard than neighbours have.
3. How recent are the sold price figures shown?
The listed sale range (CA$200k–250k) is from 2021. For the exact historical sold price, you must request it directly via the provided email service, as this data is verified manually.
4. Is the smaller living area a major drawback?
It depends on your needs. At 720 sqft, it is compact and below average for the area. It suits simpler living arrangements but may feel cramped for a growing family. The trade-off is the larger outdoor space.
5. What should I consider about the home's age?
Built in 1954, the home's systems (like plumbing, electrical, and the roof) may be original or dated. A thorough inspection is essential to budget for necessary updates or repairs, which is typical for homes of this vintage.