Property Overview: 1218 Troy Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a solid, value-oriented opportunity in Winnipeg's Mynarski neighbourhood. Built in 1954, its key appeal lies in a favourable assessment value relative to its immediate area. With an assessed value of $347,000, it ranks well above average for both its street (top 13%) and the broader Mynarski area (top 9%), suggesting it is perceived as a higher-value property within its local context. The lot is a notable feature at over 5,300 sq ft, which is larger than many lots in the neighbourhood.
The living space of 1,022 sq ft is modest and slightly below the city-wide average, indicating a home better suited for smaller households, first-time buyers, or investors. Its appeal is grounded in practicality and location-based value rather than size or luxury. A thoughtful perspective is that this property may represent a "land play" – the lot size and strong local assessment could offer future potential, even if the home itself requires updates typical of its age. It last sold in mid-2021, providing a recent market benchmark for buyers.
This property would best suit a pragmatic buyer looking for entry into the market with a property that holds strong value in its immediate community. It could also appeal to an investor seeking a character property with a sizable lot in an established neighbourhood.
Frequently Asked Questions
1. How does the assessed value compare to likely market price?
The assessed value of $347k is for municipal tax purposes and is not a direct indicator of market value. However, ranking in the top 9% for assessed value in Mynarski indicates the city views this as a higher-value property for the area, which can be a positive signal.
2. Is the house smaller than average?
Yes. At 1,022 sq ft, the living area is below the Winnipeg city-wide average. However, it is very close to the average size for both Troy Avenue and the Mynarski area itself, meaning it is typical for this specific location.
3. What does the lot size mean for me?
At 5,332 sq ft, the lot is substantially larger than the Mynarski area average. This offers more outdoor space than many neighbouring properties and could provide flexibility for gardening, expansions, or future redevelopment, subject to zoning.
4. The home was built in 1954. What should I consider?
While the build year is older, it is actually one of the newer homes on its street. Buyers should budget for potential updates to major aging components like the roof, plumbing, wiring, and windows, and are advised to get a thorough home inspection.
5. Can I see the exact historical sale price?
The site provides a sold price range from June 2021. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.