Property Overview & Appeal
This home at 1154 Polson Avenue presents a compelling value proposition within Winnipeg's Mynarski neighbourhood. Its key appeal lies in offering above-average space and a more modern build compared to its immediate surroundings. With 1,250 sqft of living area, the home is notably larger than most on its street and in the local area. Built in 1961, it is significantly newer than many neighbouring homes, potentially suggesting fewer concerns related to the age of core components. The lot size of nearly 5,000 sqft is also generous for the street.
The property’s assessed value of $335k sits well above the street average, indicating its perceived premium status in the micro-market, yet it remains below the city-wide average for homes of similar size. This positions it as a relatively spacious and updated home for the area at a accessible price point. It would suit a practical buyer looking for a solid, move-in ready home with room to grow, who values being a top-tier property on its block rather than comparing to more expensive city districts. A thoughtful perspective is that its newer construction date relative to the area may mean it avoids some of the systemic issues found in much older housing stock, offering a balance of established neighbourhood character with more modern livability.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows this home ranks in the top tiers for size, value, and modern build compared to its direct neighbours on Polson Avenue and in Mynarski. It's a standout property on its street but aligns more closely with city-wide averages.
2. What does the sold price history from 2016 indicate?
The home sold for an estimated $200k-$250k in 2016. The significant increase to its current $335k assessment reflects broad market appreciation and likely underscores the premium for its above-average characteristics in this area.
3. Is the assessed value a reliable indicator of market price?
While a strong benchmark, the assessed value is for taxation. The fact it's above average for the street but below the city average suggests a market price that may offer good value within this specific, well-established neighbourhood.
4. What are the implications of the 1961 build year?
In a neighbourhood with many homes built in the early 1900s, a 1961 build is a relative advantage. It may feature modern wiring, plumbing, and layout compared to older homes, potentially reducing immediate renovation needs.
5. How can I verify the exact historical sold prices?
The site notes that due to industry rules, exact MLS sold figures are not displayed publicly. They offer a manual lookup service; you can request the exact sale history by email, which they will provide without using your contact for marketing.