Property Overview: 1195 Polson Avenue, Winnipeg
Key Characteristics & Appeal
This 1,072 sqft bungalow, built in 1957, sits on a notably generous 4,873 sqft lot in the Mynarski neighbourhood. Its core appeal lies in its strong positional value within its immediate context. While the home's size is fairly typical for Winnipeg overall, it stands out on its own street and in its local area for having an above-average assessed value ($319,000) and a newer construction date compared to many neighbours. This suggests a property that has been maintained or valued more highly than many surrounding homes.
The lot size is a significant asset, offering ample outdoor space that is well above the street average—a rarity in established neighbourhoods. This combination of a solid, mid-century home on a large lot creates a practical foundation. It would suit a first-time buyer or a downsizer looking for a single-level living in a no-frills, established area, with the potential to personalize the home and capitalize on the generous yard space. A thoughtful perspective is that this property represents a "relative premium" within its specific block, potentially offering more stability or pride of ownership than immediate neighbours, which is a nuanced form of value not always captured in city-wide comparisons.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is in the top 11% on Polson Avenue and the top 28% in the Mynarski area, meaning it is valued higher than most comparable properties close by, though it is around the city-wide average.
2. What does the sold price history indicate?
Records show it last sold between $200,000 and $250,000 in June 2017. The current assessed value of $319,000 reflects market changes since that time. For exact historical sold prices, a manual lookup via the website is required.
3. Is the lot size a significant feature?
Yes. At 4,873 sqft, the lot is significantly larger than the average for Polson Avenue (3,909 sqft), providing substantial outdoor space that is uncommon for the street.
4. How does the age of the home factor in?
Built in 1957, the home is newer than many on its street (where the average build year is 1934). This can imply updates to core systems or a different construction era compared to neighbouring homes, but a thorough inspection is always recommended.
5. Where can I see more detailed neighbourhood comparisons?
The website offers a neighbourhood analysis page that maps this property alongside nearby homes, allowing for detailed comparison of year built, living area, assessed value, and lot size.