Property Overview: 1048 Howard Avenue, Winnipeg
Key Characteristics & Appeal
This 768 sqft home on a 4,724 sqft lot in Maybank presents a practical and straightforward opportunity. Built in 1955, it is one of the older homes on its street, which can imply a well-established neighbourhood character but also suggests potential for updates. The home’s assessed value is notably strong for Howard Avenue, ranking above average, which may indicate it is well-maintained or has desirable features relative to its immediate peers.
Its primary appeal lies in its efficiency and position as a manageable entry point into the market. The living space is compact, ranking around the middle locally but below the city average, suiting buyers looking for a lower-maintenance footprint without sacrificing yard space. The lot size is generous for the area, offering room for gardening, expansion, or outdoor living relative to the home's scale.
This property would best suit a first-time homebuyer, a downsizer, or an investor seeking a pragmatic rental property. It appeals to those who value a larger lot in a mature neighbourhood over a large interior, and who are comfortable with a home that may require thoughtful modernizations over time.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value of $35,100 ranks above average for Howard Avenue (top 26%), suggesting it is viewed favorably compared to its direct neighbours. In the broader Maybank neighbourhood and city-wide, its value is around the average.
2. What should I consider about the home’s age?
Built in 1955, it is older than most homes on its street (top 7%). This can mean charming character and mature landscaping, but a thorough inspection is advisable to understand the condition of major aging components like the roof, plumbing, and electrical systems.
3. Is the living space small?
At 768 sqft, the living area is below the Winnipeg average. It is efficient, ranking around the middle of homes on Howard Avenue. Buyers should consider if the layout and room sizes meet their needs, as the value here is more in the land and location than in expansive interior square footage.
4. What is the potential based on the lot size?
The lot of 4,724 sqft is a key asset, ranking above average locally. It offers significant outdoor space relative to the home’s size, presenting opportunities for gardening, recreation, or future expansion, subject to local zoning regulations.
5. Where can I find more detailed neighbourhood data?
The listing suggests using the “Open neighbourhood map analysis” feature to see this property in context with nearby homes, comparing details like year built, lot size, and assessed value on an interactive map.