Property Overview
131 Newman Avenue W is a well-situated home in Winnipeg's Radisson neighborhood. Built in 1959, it offers 936 square feet of living space on a 3,999 square foot lot, with a current assessed value of $321,000.
Key Characteristics & Appeal
This home presents a practical and straightforward opportunity in the market. Its primary appeal lies in its solid positioning within its immediate community. The living area and assessed value are both very close to the averages for both Newman Avenue and the wider Radisson area, indicating a home that is typical and competitively priced for its locale. While its size falls below the Winnipeg city average, this translates to a more manageable and efficient footprint with lower utility and maintenance costs.
The house was built later than many on its street, which can be an advantage regarding the potential age of major components like plumbing or electrical. The lot size, while smaller than many in the neighborhood, offers a low-maintenance yard.
This property would suit first-time buyers seeking an affordable entry into a stable neighborhood, or practical investors looking for a rental property with reliable valuation metrics. It’s a home for those who prioritize community fit over maximum square footage, offering a chance to live in a well-established area without a premium price tag.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a home on this street sold in February 2022 for between $300,000 and $350,000, which placed it in the top 15% of street sales at the time. This suggests the area has seen strong buyer interest.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value of $321,000 is very close to the neighborhood average, providing a stable benchmark. However, market conditions, property condition, and specific features will ultimately determine the final sale price.
3. What are the less obvious considerations with a 1959-built home?
While newer than many on its block, a 65-year-old home will still require a diligent inspection. Potential updates to insulation, windows, and original heating systems should be factored into budgeting, but the later build date may mean some systems have already been upgraded.
4. How does the smaller lot size impact living here?
The lot is below the Radisson average, which means less yard work and lower exterior maintenance costs. This can be a benefit for busy homeowners but may limit expansion possibilities or extensive gardening.
5. Where can I get verified historical price data for this property?
The provided data is compiled from public sources. For fully verified sales history and exact past sale figures, you must request a manual lookup from the site, which they provide via email without using your address for marketing.