Property Summary: 26 Tod Drive, Winnipeg
Key Characteristics & Appeal
This 1,455 sqft bungalow, built in 1960 on a 7,199 sqft lot, presents a compelling value proposition rooted in its context. Its primary appeal lies in offering above-average citywide value and lot size for a home requiring only moderate updates, positioned on a stable, established street.
The home suits practical buyers seeking space and value over prestige. It’s an ideal fit for a first-time buyer or downsizer who wants a manageable footprint without a cramped city lot, or an investor looking for a solid asset in a mature neighborhood. The data reveals a thoughtful perspective: while the home is modest compared to its immediate, more affluent neighborhood (Victoria Crescent), it stands out positively across the entire city. This suggests you’re acquiring a property that is financially efficient for its size, paying less for the neighborhood premium but still benefiting from the area’s general stability. The lot, while smaller than others on the street, is still larger than most city-wide, offering good outdoor potential.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value of $470k is notably below the neighborhood average but above the city average. This indicates you are getting a competitively priced home for its living space within Winnipeg, while residing in a higher-value area.
2. How does the lot size compare?
At just over 7,000 sqft, the lot is smaller than most on Tod Drive and in Victoria Crescent. However, it is still larger than the typical Winnipeg lot, offering more private outdoor space than many city properties.
3. What does the living area ranking mean?
With 1,455 sqft, the home is slightly smaller than average for the street but close to the citywide average. It provides a comfortable amount of space for a smaller household or those looking to avoid the upkeep of a very large home.
4. Is the home outdated?
Built in 1960, it is of a similar vintage to many homes on the street and in the neighborhood. Buyers should anticipate features and systems consistent with its age, presenting potential for gradual modernization.
5. Who would this property not suit?
It may not suit buyers seeking a premier lot within Victoria Crescent or a move-in-ready home with contemporary finishes. It’s best viewed as a solid foundation in a good location, with value derived from its citywide standing rather than its neighborhood ranking.