Property Overview: 26 Cuthbertson Avenue, Tuxedo, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition within the prestigious Tuxedo neighborhood. Its key characteristic is its position as a more accessible entry point into a high-value area. With an assessed value of $599k, it sits significantly below the neighborhood average but ranks in the top 8% city-wide, offering the cachet of Tuxedo at a price point that competes with higher-tier properties in other parts of Winnipeg.
The appeal lies in its substantial, elite-sized lot (over 10,500 sq ft, ranking in the top 5% city-wide) paired with a modestly sized, efficiently designed home (1,339 sq ft). This combination is ideal for buyers who prioritize land value, outdoor space, and future potential over immediate square footage. The home itself is of average size for Winnipeg and was built in 1966, aligning with the area's typical vintage.
This property would best suit a specific type of buyer: those seeking a land-play in a prime location, such as downsizers wanting a large garden without a large house, or vision-oriented buyers who see the long-term value in the lot itself, whether for enjoyment, expansion, or redevelopment. It’s a strategic purchase for someone building equity in a top-tier neighborhood rather than seeking a turn-key, sprawling family home.
Frequently Asked Questions
1. Is this a good value for the Tuxedo area?
Yes, from a financial entry point. The assessed value is notably below the street and neighborhood averages, making it one of the more affordable ways to own property in Tuxedo. You are paying primarily for the location and land size.
2. The house seems small for the area. Is it outdated?
The living area is below average for Tuxedo but average for Winnipeg. Being built in 1966, it likely requires updates. The value here is in the land and location; the condition of the home itself should be verified through a viewing and inspection.
3. What are the real costs beyond the purchase price?
Property taxes will be based on the $599k assessed value, which is high for the city but low for Tuxedo. Be prepared for potential updates to a home of this age. The large lot may also entail higher maintenance costs for landscaping.
4. How reliable is the sold price data shown?
The site notes sold prices are based on public internet data, not the MLS, and are presented as a range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. What is the potential for expanding or rebuilding on this lot?
The elite-sized lot is the property's standout feature and offers clear potential. Any expansion or redevelopment would be subject to City of Winnipeg zoning bylaws, permits, and possibly neighborhood design guidelines, which should be thoroughly researched before purchase.