Property Overview: 38 Continental Avenue, Winnipeg
Key Characteristics & Appeal
This 1977-built home in River East presents a solid, value-conscious opportunity. At 1,037 sqft with an assessed value of $370k, it sits in a middle ground that defines its appeal. On its own street, the home stands out positively: it's newer than most (ranking in the top 3%), has an above-average assessed value and lot size, and its living area is competitive. This suggests a well-positioned property within its immediate, established community.
The broader view, however, adds useful nuance. Compared to the wider River East neighborhood, the lot and living area are below average, indicating a more compact footprint among potentially larger homes nearby. Yet, its value holds steady around the citywide average. This profile suits practical, first-time buyers or downsizers who prioritize a move-in-ready home in a mature neighborhood without overextending. Its appeal lies in offering above-street-average credentials and a newer build year, providing a sense of relative modernity and stability on the block, while the city-average pricing suggests a fair market entry point.
Frequently Asked Questions
How does the assessed value relate to the likely selling price?
The assessed value of $370k is for municipal tax purposes and serves as a benchmark. Notably, it's above the street average. The last known sale was between $300k-$350k in 2019. The eventual selling price will be determined by current market conditions, the home's specific state, and buyer demand.
Is the living space sufficient for a growing family?
At 1,037 sqft, the living area is slightly below the neighborhood average. It's typical for many homes from this era. Families should consider their space needs carefully, but the layout and number of bedrooms (not specified in the data) will be more critical factors than square footage alone.
What does the "newer" build year on the street actually mean?
Built in 1977, this home is the newest among the 33 comparable homes on Continental Avenue, where the average build year is 1976. While a one-year difference may not be materially significant, it can sometimes indicate slightly updated construction standards or materials for the area, and it often means major components like the roof or windows are of a similar, potentially newer, vintage than many neighbors.
How does the lot size impact potential for expansion or outdoor space?
The 5,564 sqft lot is above average for the street but below average for River East. This means you likely have a decently sized yard compared to your direct neighbors, but may have less space than some homes a few blocks away. It's ample for a garden and patio, but any future expansion (like an addition) would require checking zoning bylaws.
Why is there only a sold price range from 2019, and how can I get precise current data?
The provided sale history is based on publicly available data, not the MLS. To protect accuracy and comply with real estate association rules, exact sold prices and full transaction histories are provided manually upon request through the site's email service. This ensures you receive verified figures.