1184 Polson Avenue

Property Overview: 1184 Polson Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 720 sqft bungalow, built in 1958, sits on a 4,096 sqft lot in the Mynarski neighbourhood. Its core appeal lies in a clear value proposition: a home with a significantly higher assessed value ($298,000) than most on its street, suggesting it has been well-maintained or updated relative to its immediate peers. The data reveals a thoughtful perspective—while the living space is compact compared to city averages, the property is a standout on its own block for its modern build year (newer than 96% of Polson Avenue homes) and its above-average valuation.

This creates a unique niche. It would suit a first-time buyer or downsizer seeking a manageable, potentially updated home in a neighbourhood of older properties, without the premium price of a larger city-wide average home. It’s also a practical option for an investor or hands-on buyer who values a solid lot size and a structurally younger home as a foundation, viewing the smaller interior as a canvas for efficient renovation or a lower-maintenance lifestyle.

Section 2: Frequently Asked Questions

1. Is the smaller living area a concern?
While the 720 sqft interior is below average for the city, it is actually close to the average for the Mynarski area (1,047 sqft). This indicates the home is typical for the local market, offering a more affordable and efficient footprint that can mean lower utility costs and upkeep.

2. Why is the assessed value higher than many neighbours?
The assessment of $298,000 ranks in the top 27% on Polson Avenue. This typically reflects factors like updates, condition, or improvements that the city’s assessment model recognizes, setting it apart from the street’s average home valued around $241,000.

3. How does the 1958 build year compare?
This is a key feature. Built in 1958, this home is newer than 96% of homes on Polson Avenue (where the average build year is 1934). This suggests potentially fewer issues with aging infrastructure compared to many neighbouring houses.

4. What can the recent sold price data tell me?
Records show it sold between $250,000-$300,000 in August 2022. This provides a recent market benchmark. For the exact sale price, you can request a manual lookup via the link provided on the detail page.

5. How does the lot size compare?
At just under a tenth of an acre (4,096 sqft), the lot is around average for the street but smaller than the typical Winnipeg lot. This offers a manageable outdoor space without excessive maintenance burdens.