Property Overview
This home at 1169 Lansdowne Avenue in Winnipeg's Mynarski neighbourhood presents a compelling mix of space, value, and potential. Its primary appeal lies in its generous 7,339 sqft lot, which ranks in the top 1% for size both on its street and in the wider area, offering rare outdoor space for the location. The 1,318 sqft living area is comfortably above average for the immediate vicinity. Built in 1960, the house is notably newer than many neighbouring homes, suggesting potentially fewer immediate concerns with aging infrastructure.
The property’s assessed value of $375k sits in the elite top 3% for its street and area, indicating it is perceived as a premium offering in its local market, though it aligns more closely with the citywide average. This creates an interesting dynamic: it's a high-value asset within Mynarski, which could appeal to buyers looking for a standout property in the neighbourhood or who see long-term value in its substantial lot. It would suit a buyer who prioritizes land size over a move-in-ready modern finish, possibly a DIY enthusiast, a family seeking room for children or gardens, or an investor attuned to the value of land in an evolving area.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value reflects the property's standout characteristics, primarily its very large lot size and above-average living area. It is considered a premium property within its immediate local context.
2. What does the 1960 build year mean for the condition of the home?
While newer than many area homes (averaging 1935 on its street), a 66-year-old house will still likely have aging components. Buyers should budget for updates to major systems like plumbing, electrical, and the roof, while acknowledging the structure itself may be in better relative condition than older neighbours.
3. How does the lot size compare to a typical city lot?
The lot is significantly larger than average. At 7,339 sqft, it is about 70% larger than the average lot on its street and 54% larger than the Mynarski area average, offering uncommon space for expansion, landscaping, or outdoor activities.
4. The last sold price range shows $300k–$350k. Why is the assessed value now $375k?
Assessed value for property tax purposes and market value can differ. The increase suggests municipal assessment recognizes the property's premium attributes, but the actual market price will be determined by current conditions, buyer demand, and the home's present state.
5. Where can I get verified historical sale data for this property?
The site notes that due to industry rules, exact MLS sale records are not displayed. They offer a manual lookup service; you can request the exact sale price history by email, and they will provide the verified figures directly.