Property Overview: 1167 Polson Avenue, Winnipeg
Key Characteristics & Appeal
This 1,074 sqft bungalow, built in 1957, presents a solid opportunity in Winnipeg's Mynarski neighbourhood. Its primary appeal lies in offering above-average value and space within its immediate context. The home sits on a generous 4,873 sqft lot, significantly larger than most on Polson Avenue, providing valuable outdoor space and potential. With an assessed value of $304,000, it ranks well above the street average, suggesting it is a higher-caliber property on its block.
The home suits practical buyers looking for a established character home with room to grow, whether that means gardening, expansion, or simply more private space than typical lots provide. It’s a fit for those who value a neighbourhood feel, as the data indicates it stands out positively among its closest neighbours in terms of lot size, assessed value, and newer construction date. A thoughtful perspective is that this property may represent a "big fish in a small pond" scenario—it offers standout metrics on its street and in the local area, which can be a smart value proposition compared to paying a premium for a similar property in a more expensive district where it might only be average.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this home compares very favorably to its direct neighbours on Polson Avenue. It has a larger lot, a higher assessed value, and is newer than the vast majority of homes on the street. In the broader Mynarski area and city-wide, it sits more in the average range for its size and value.
2. What is the likely sold price range?
Based on recent market data, comparable properties in this category have sold in the range of CA$350,000 to $400,000. This suggests the assessed value of $304,000 may be below current market value, which is common.
3. What should I consider about a home built in 1957?
While newer than most on its street, a 69-year-old home will likely have had updates and will require ongoing maintenance. Key systems like roofing, plumbing, electrical, and insulation should be carefully evaluated. The upside is that homes of this era often feature solid construction and simpler layouts that are easier to renovate.
4. How reliable is the sold price data shown?
The sold price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, which they provide via email.
5. Does the large lot add significant value or potential?
Yes. A lot size that is in the top 16% on its street is a tangible asset. It provides more privacy, recreational space, and future potential (like an addition, garage, or garden) that smaller lots do not. This is a key differentiator that may not be immediately obvious but adds long-term utility and value.