Property Overview: 117 Edward Avenue W, Winnipeg
Key Characteristics & Buyer Appeal
This 947 sqft home in Radisson presents a compelling mix of modern convenience and established neighborhood character. Its primary appeal lies in its exceptional newness; built in 2018, it ranks in the top 1% of homes for age on its street and in the broader area, offering buyers a move-in-ready property with contemporary building standards and minimal immediate maintenance concerns. The assessed value of $345k is notably above average for both the street and the Radisson neighborhood, suggesting a premium for its modern condition and potential upgrades.
The home suits first-time buyers or downsizers seeking a low-maintenance, newer build without venturing to the outer suburbs, as well as value-conscious investors attracted to a modern asset in a stable area. A thoughtful perspective is the trade-off involved: while the structure is modern, the land area is compact at 2,999 sqft, ranking below average at every comparison level. This appeals to those who prioritize a newer home over extensive outdoor space, but may not suit those wanting large gardens or significant expansion potential. Its size and efficient layout offer a cozy, manageable footprint for the right buyer.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s $345k assessment is above the local averages for both Edward Avenue W ($314k) and the Radisson neighborhood ($320k). This premium is likely attributed to its much newer construction (2018) compared to the area's typical homes built in the late 1950s and 1960s.
2. What are the implications of the smaller lot size?
At just under 3,000 sqft, the lot is significantly smaller than most in the area. This means lower outdoor maintenance but limited potential for additions like a large deck, shed, or garage. It’s a efficient use of space for those who don’t prioritize a large yard.
3. Is the living space smaller than average?
At 947 sqft, the living area is close to the average for both the immediate street (1,014 sqft) and the Radisson neighborhood (1,008 sqft). However, it is below the Winnipeg citywide average, indicating a comfortably sized home for the local area but more compact compared to many newer suburban developments.
4. What is the historical price context?
Public records show the home sold between $250k-$300k in late 2019. The current assessed value of $345k reflects market changes and the property’s established presence since its initial sale.
5. How can I verify the exact past sold prices?
The displayed sold price is an estimated range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as they do not publish MLS data directly.