Property Summary: 1049 Warsaw Avenue, Winnipeg
Key Characteristics & Appeal
This 1,236 sqft home, built in 1948, presents a solid opportunity in Winnipeg's Rockwood neighborhood. Its primary appeal lies in its strong positioning within its immediate area. The lot size of 5,563 sqft is notably above average for both the street and Rockwood, offering more outdoor space than most nearby properties. Similarly, its assessed value of $416k ranks well above local averages, suggesting it is viewed as a premium property on its block and within the community. While the living area is around the citywide average, it is spacious for the Rockwood area itself. This creates an interesting dynamic: you're acquiring a home that stands out in its own neighborhood in terms of value and land, yet sits comfortably within broader Winnipeg averages.
The property would suit a buyer looking for a established home in a mature neighborhood, who values a larger lot for gardening, privacy, or future expansion more than a brand-new build. It's also a sensible choice for those who prioritize a home's standing and investment profile within its specific community over just citywide comparisons. The historical sale data indicates steady value appreciation, pointing to a stable investment.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it outperforms most direct neighbors in key metrics. It has a larger lot than 92% of homes on Warsaw Avenue and a higher assessed value than 88% of them. In the broader Rockwood area, it ranks in the top 13% for value.
2. Is the assessed value a reliable indicator of the listing or sale price?
Assessed value is for municipal tax purposes and is not a market appraisal. However, consistently ranking above local averages is a positive signal of the property's relative standing. The last known sale was between $350k-$400k in 2019.
3. The home was built in 1948. Should I be concerned about maintenance?
The year built is actually newer than the average home on its street. While older homes require diligent inspection for updates to systems like wiring, plumbing, and insulation, this property is not unusually old for its well-established neighborhood.
4. The lot is large for the area. What are the potential benefits or drawbacks?
Benefits include more privacy, space for decks, gardens, or play areas, and potential for additions like a garage or shed. A potential drawback is that a larger lot in a mature area may come with more landscaping upkeep.
5. How can I find out the exact historical sale prices?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sale figures are not displayed here. You can request the exact sold price history via email through the provided form for a manual lookup.