Property Summary: 1774 Assiniboine Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home in Bruce Park sits on a generous, mature lot that is notably larger than most in Winnipeg. Built in 1952, its primary appeal lies in its established neighbourhood setting and significant land size, offering space and privacy that is harder to find in newer subdivisions. The home itself features a renovated basement and an attached garage, with a living area that is functional and in line with the city-wide average.
Its value proposition is nuanced. While the house is modest in size compared to others on its street, the property ranks highly within the desirable Bruce Park area for both its lot size and assessed value. This suggests you are investing in the location and land as much as the structure. It would suit a buyer looking for a solid foundation in a prime area—someone who values outdoor space and sees potential in a home that may benefit from updates over time, or a downsizer seeking a manageable single-level layout with a premium lot.
Section 2: Frequently Asked Questions
1. Is the land size a major advantage?
Yes. At 8,820 sqft, the lot is significantly above average for both the neighbourhood and the city. This provides ample yard space, potential for gardening, expansion, or simply more privacy than typically found.
2. How does the home’s age affect things?
Built in 1952, the home is older than most on the street but is actually newer than the average home in Bruce Park. Buyers should plan for age-appropriate maintenance but can also appreciate the character and established landscaping of an older property.
3. The living area seems smaller than neighbours'. Is it?
On Assiniboine Avenue, yes—the home's footprint is more modest. However, compared to all homes in Bruce Park and Winnipeg, its size is around average. The renovated basement adds functional space not reflected in the main living area square footage.
4. What does the assessed value tell us?
The assessed value is above average for the neighbourhood and city, which typically reflects the desirability of Bruce Park and the valuable lot. It’s important to note this is for municipal tax purposes; market value is determined by recent sales and current conditions.
5. What is the context of the last sale price?
The home sold for $370,000 in August 2020. At that time, this price was below average for the street but above average for the neighbourhood, reinforcing the pattern of paying a premium for the Bruce Park location itself.