4-626 Wardlaw Avenue

Property Overview: 4-626 Wardlaw Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a 952 sqft property built in 1912, located in the Mcmillan neighbourhood. Its key appeal lies in its position as a practical and historically grounded entry point into the Winnipeg market. With a recent sold price between $200k–$250k and a below-average assessed value for its immediate street, it presents a lower financial barrier to entry compared to many neighbouring homes.

The home suits first-time buyers, investors, or downsizers seeking a manageable footprint without a premium price tag. Its century-old character offers charm, but the data suggests a thoughtful perspective: this isn't a large or recently renovated showpiece. Its living area is notably smaller than others on Wardlaw Avenue, indicating a cozy, efficient layout. For the right buyer, this represents an opportunity to secure a character home in an established area, with the understanding that its value and size are modest relative to its direct surroundings but are competitive when viewed across the wider city.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value is below the average for Wardlaw Avenue itself, but is around the median when compared to the broader Mcmillan area and city-wide. This suggests you may be paying less for a location on this specific street.

2. What should I consider about the year it was built (1912)?
Built 114 years ago, this home is significantly older than the average Winnipeg house. While it offers classic character, a pre-purchase inspection is essential to understand the condition of major systems, potential updates needed, and any heritage considerations.

3. The living area seems small. How does it compare?
At 952 sqft, the home is smaller than most comparable properties on its own street (where the average is 1,107 sqft). However, it is very close to the average size for the Mcmillan neighbourhood and city-wide. This indicates efficient use of space but may mean fewer or smaller rooms than some neighbours.

4. What does the sold price history indicate?
It sold between $200k–$250k in 2024, a noticeable increase from its $150k–$200k sale price in 2016. This shows solid appreciation, but the final price likely reflects its smaller size and assessed value relative to the area.

5. Are there other similar units in the building?
The listing shows multiple units at the same address (e.g., 1-626, 2-626, etc.), indicating this is likely a multi-unit property such as a condominium or apartment block. It’s important to review condo/strata fees, rules, and the financial health of the corporation.