Property Overview: 124 Newman Avenue W, Winnipeg
Key Characteristics & Buyer Appeal
This 936 sqft bungalow, built in 1959, presents a straightforward opportunity in Winnipeg's Radisson neighborhood. Its primary appeal lies in its solid positioning within its immediate context. The home is above average for its street in both assessed value ($330k) and newer construction date, suggesting it's a well-regarded property on the block. While its living space is typical for the area, it falls below the Winnipeg city average, indicating a more compact, manageable footprint.
The lot size of 3,999 sqft is modest, especially compared to larger neighborhood and city averages, which translates to less yard maintenance. Recent sale history shows significant value appreciation between 2021 and 2023, pointing to a strong investment trajectory for the street.
This property would best suit first-time buyers or downsizers seeking a manageable home in an established area without the upkeep of a larger lot. It’s also a practical choice for an investor, given its consistent valuation and the neighborhood's stability. The data suggests you’re buying a home that stands out positively on its own street, even if it’s more average in the wider city context.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 936 sqft, the living area is very typical for the Radisson neighborhood, matching the local average almost exactly. It is, however, noticeably smaller than the average Winnipeg home.
2. Has the property value been increasing?
Yes. Public sales data indicates it sold in the $250k-$300k range in 2021 and then in the $350k-$400k range in 2023, placing that most recent sale in the top 7% of sales for the street at that time.
3. Is the lot size a constraint?
The lot is slightly below average for the street and more compact than many in Radisson. This is an advantage for those wanting minimal yard work but could be a limitation for those envisioning extensive outdoor additions like a large deck, pool, or addition.
4. How current is this construction for the area?
Built in 1959, it is newer than the average home on Newman Avenue W. This often means potential updates to major systems (like electrical or plumbing) may be less urgent than in older pre-war homes common on the street.
5. Where can I get verified, exact historical sale prices?
The figures provided are estimates based on public data. To obtain fully verified and exact sale prices from the property’s transaction history, you can request a manual lookup by email through the site. This process complies with industry data rules.