Property Overview
This home at 1162 Clarence Avenue in Winnipeg's Maybank neighbourhood presents a specific value proposition. Built in 1947, it’s a classic post-war bungalow on a generous, roughly 6,000 sqft lot. The 912 sqft living area is modest and below the local average, suggesting a cozy, efficient layout. Its key appeal lies in its positioning: the assessed value is notably low for the street but aligns with averages for the wider area, indicating a potentially lower property tax burden relative to nearby homes. The lot size is a significant asset, offering ample outdoor space that is increasingly rare. This property last sold in the $250k-$300k range in 2023.
Key Characteristics & Ideal Buyer
This is a practical, no-frills home suited for a specific buyer. Its primary appeal is the large lot in a mature neighbourhood, offering space for gardening, play, or future expansion. The below-average living area and assessed value point to an opportunity for a first-time buyer, an investor, or a downsizer seeking a manageable home with land value. It’s not a turn-key luxury property but a solid foundation. The buyer it suits is value-conscious, sees potential in the land, and is comfortable with a home that may require updates. It’s a property where the land is the standout feature, and the house represents a manageable footprint.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes on the same street?
The assessed value is a municipal calculation for tax purposes, often based on factors like living area, age, and recent sales. This home’s smaller size and older vintage likely place it at a lower valuation compared to updated or larger neighbours, which can mean relatively lower property taxes.
2. What can the large lot be used for?
Beyond traditional gardening and recreation, a lot of this size in a mature neighbourhood could allow for additions like a large shed, workshop, or deck. It’s always essential to check City of Winnipeg zoning bylaws for any development or structural plans.
3. The home is below average in size for the area. Will it feel too small?
At 912 sqft, it is compact. This suits individuals, couples, or small families looking for efficient living. The appeal is often in the low-maintenance interior paired with generous outdoor space, shifting the living area outdoors in warmer months.
4. The home was built in 1947. What should I be aware of?
Homes of this era are typically solidly built but may have original systems like plumbing, electrical, or insulation that would benefit from modernization. A thorough home inspection is crucial to understand the condition and plan for any necessary updates.
5. How do I find out the exact price it sold for in 2023?
The public data shows a range. For the precise sale price, you can request it directly via the email link provided on the listing page. This service is manual but provided without marketing spam.