Property Overview: 118 Ralph Avenue W, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile within Winnipeg's Radisson neighborhood. Its primary appeal lies in its strong assessed value relative to its immediate area, suggesting it is viewed as a solid asset. At 906 sqft, the living space is modest and below local averages, but this is balanced by a manageable scale. Built in 1938, it is one of the older homes on the street, which may imply classic construction but also a greater consideration for maintenance and updates. The lot size is also smaller than most in the area.
This property would suit a pragmatic first-time buyer or an investor looking for a lower-maintenance footprint in a stable neighborhood. Its above-average assessment for the street and area indicates it may already have seen improvements or possesses inherent value not captured by square footage alone. A buyer comfortable with a home of this vintage would need to value character and location over sheer size, seeing the smaller lot as less yard work rather than a limitation.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
While the assessed value of $357k is notably above the street and neighborhood averages, it is a municipal tool for calculating taxes, not a market appraisal. The final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.
2. How significant is the smaller living area and lot size?
At 906 sqft on a 2,999 sqft lot, both are below area norms. This means efficient use of space is key. For some, this translates to lower utility costs and less upkeep. For others, it may feel cramped, especially if working from home or with a growing family.
3. The home is older than most nearby. What should I consider?
Built in 1938, it pre-dates many homes on the street by over 20 years. This can mean charming architectural details but also warrants a thorough inspection for aging components like plumbing, electrical, and the foundation, which may need updating or repair.
4. Can I see the exact historical sale price?
The listing shows the home last sold between $250k-$300k in September 2020. Due to data display rules, exact sold prices are provided manually upon request via email, as detailed in the data notes on the page.
5. How does this property compare to others in the area?
The data shows a mix: while its value ranks high for the street, its size and age rank lower. Nearby examples include both larger, newer homes with similar values and smaller, older ones assessed for less, highlighting that value here isn't solely driven by square footage.