521 Almey Avenue

Property Overview: 521 Almey Avenue, Winnipeg

Key Characteristics & Appeal

This home at 521 Almey Avenue presents a compelling mix of space, value, and potential. Built in 1973, its 1,584 sqft living area is typical for its street but ranks above average city-wide, offering solid interior space. The standout feature is the property’s exceptional lot size of just over 1.13 acres (49,395 sqft), placing it in the top 1% of both the Peguis neighborhood and the entire city of Winnipeg. This immense, private outdoor space is rare and offers significant potential for gardening, recreation, or future expansion.

The home’s assessed value of $570k is above average for both the neighborhood and city, reflecting its substantial land value and established location. Recent sold data suggests a final price between $550k-$600k, aligning with its premium positioning. Its appeal lies in this unique land-to-house ratio—it’s a property where the true value and future opportunities may be rooted more in the land itself than the existing structure. It would suit a buyer looking for a long-term family home with room to grow outdoors, a hobbyist or gardener craving space, or a strategic buyer who sees the underlying land value in an area where newer builds are the norm.

Frequently Asked Questions

1. How does the home’s age compare to others nearby?
The home was built in 1973, which is typical for Almey Avenue but is notably older than most homes in the broader Peguis neighborhood, where the average build year is 2017. This suggests the immediate street is well-established, while the surrounding area has seen significant recent development.

2. Is the sold price shown the exact amount?
The displayed sold price range (CA$550k–600k) is an estimate based on public data. To receive the verified, exact sale price and full transaction history, you must request it directly via email from the site, as they do not publish MLS data.

3. What does the "Elite" ranking for land area mean?
Ranking in the top 1% for lot size, both in Peguis and city-wide, means this property’s land parcel is exceptionally large compared to virtually all other comparable homes. It is a defining and rare characteristic of this listing.

4. How is the home’s value positioned in the market?
With an assessed value ranking in the top 10% city-wide and top 13% in the neighborhood, this property is considered a premium offering in Winnipeg. The sold price data confirms it transacted at a level significantly above the city-wide average.

5. Are the comparison metrics for similar types of homes?
Yes, all rankings (e.g., "Around Average," "Above Average") are based on comparisons to a defined group of "comparable homes" within each scope (street, neighborhood, city), not against all properties indiscriminately. This allows for a more apples-to-apples analysis.