Property Overview: 1193 Church Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1193 Church Avenue in the Mynarski neighbourhood presents a compelling mix of value and potential. Its most striking characteristic is its assessed value of $325,000, which ranks in the elite top 5% on its own street and above average for the local area. This suggests the property is viewed as a strong asset relative to its immediate surroundings. The house itself, built in 1955, is notably newer than many on the block, offering a potential advantage in terms of infrastructure and updates. With a living area of 900 sq ft, the home is more compact than average, which could appeal to those seeking efficient, low-maintenance living.
The appeal lies in its generous 5,107 sq ft lot, which is above average for Mynarski. This creates a valuable opportunity for outdoor space, gardening, or future expansion in a city where larger lots are less common. The property’s history shows significant value appreciation between its 2018 and 2019 sales.
This home would suit a first-time buyer or an investor looking for a property with a strong assessed value foundation and a sizable lot in a mature neighbourhood. It’s also a fit for those who prioritize land size over interior square footage and see potential in a property that may benefit from modernization or an addition.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
While the assessed value is strong for the street, it’s primarily for municipal tax purposes. Market conditions, property condition, and recent upgrades will ultimately determine the sale price. Its "elite" street ranking indicates it's a standout property in its direct vicinity.
2. The house seems smaller than average. How does that impact livability?
At 900 sq ft, the living space is efficient. This can mean lower utility costs and less upkeep, but it requires thoughtful organization. The large lot provides valuable outdoor "living" space to compensate.
3. What does the lot size actually offer?
A 5,107 sq ft lot in this area is a significant asset. It provides ample room for privacy, recreation, a large garden, or even the future potential for a garage, workshop, or expansion, subject to zoning.
4. The home was built in 1955. What should I consider?
A 1955 build is newer than many in the area, which can be positive. However, it still falls within an era where original components like wiring, plumbing, and insulation may need inspection and updating to modern standards.
5. The sold price history shows a jump between 2018 and 2019. What does that mean?
This indicates a period of rapid value increase, likely reflecting market trends and possibly improvements made at that time. It’s important to request the exact sold prices and understand what changes were made to the property during that period.