Property Overview: 1198 Church Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of value and potential. At 928 sqft, the living space is modest and below average for the street, neighborhood, and city, suggesting a cozy, efficient layout. Its standout feature is the assessed value of $350,000, which ranks in the top 4% on Church Avenue and top 7% in the Mynarski area, indicating the property is considered a high-value asset relative to its immediate peers. Built in 1955, it is notably newer than most homes on its street. The lot size of just over 5,100 sqft is generous for the area, offering above-average outdoor space.
The appeal lies in this contrast: a home with a smaller footprint on a desirable lot in a neighborhood where its official valuation is strong. It suits a practical buyer who prioritizes land over large interior square footage, sees value in a post-war build, and is potentially looking for a home where the assessed value suggests solid underlying equity. It could be an ideal fit for a first-time homeowner comfortable with a cozier layout, an investor attracted by the lot size and valuation metrics, or someone looking to add value through strategic updates or an addition to the existing structure.
Frequently Asked Questions
1. Why is the assessed value so high compared to the home's size?
The assessed value reflects the municipality's valuation of the entire property, not just the house. The high ranking suggests the lot size, location on Church Avenue, and the property's condition or potential contribute significantly to its official worth.
2. What does the "below average" living area ranking mean for daily life?
With 928 sqft, the home offers efficient, manageable space. It will suit individuals, couples, or small families who prefer a simpler layout with lower utility and maintenance costs, but may feel cramped for those needing multiple dedicated rooms or ample storage.
3. The home was last sold in 2017 and 2016. Is that a concern?
Not inherently. The previous sales show activity from nearly a decade ago, which is not unusual. It does highlight the importance of a thorough inspection to understand the condition and any changes made during the current ownership period.
4. How significant is the 1955 build year?
Being built in 1955 means it's newer than many homes on the street (which average circa 1935), so it may have more modern construction materials or systems than its neighbors. However, as a 70-year-old home, it will still require due diligence regarding its roof, wiring, plumbing, and insulation.
5. Can I see the exact historical sale prices?
The site provides sold price ranges for reference. To obtain the exact sale figures, you must request them via email from the service, as they manually verify data outside of the MLS system.