465 Augier Avenue

Property Overview: 465 Augier Avenue, Winnipeg

Key Characteristics & Appeal

This is a 920 sqft condo in Winnipeg's Glendale neighbourhood, built in 1978. Its primary appeal lies in being a straightforward, lower-cost entry point into the Winnipeg housing market. The living space is competitively sized, ranking around the city-wide average, and the home features a basement (not renovated). The most defining characteristic is its assessed value of $21,700, which is notably below average for its immediate street and neighbourhood, yet aligns closely with the Winnipeg average. Recent sale prices have been consistent in the low $200,000s.

This property would suit practical, value-conscious buyers such as first-time homeowners, investors seeking a rental property with a manageable entry cost, or downsizers looking to minimize property taxes and maintenance. Its appeal is less about luxury or modern finishes and more about securing functional space in a stable neighbourhood at a below-average price for the area. A thoughtful perspective for a buyer is to see the below-average assessment not just as a reflection of the unit, but as a potential long-term advantage in keeping property tax obligations relatively contained compared to neighbouring homes.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbourhood average?
While the exact municipal valuation formula isn't public, a significantly lower assessment often reflects factors like the age of the building (1978), a non-renovated basement, and the unit's specific location and condition relative to nearby comparables. It indicates this is a more modest offering on its street.

2. What does "Top 88%, rank 30 of 34" for Assessed Value on Augier Avenue mean?
This statistic means that on Augier Avenue itself, this condo's assessed value is in the bottom 12% (i.e., it's higher than only 12% of comparable properties, or ranked 30th lowest out of 34). It's a clear data point showing this is one of the most affordable options on this specific street.

3. Has this property been selling quickly?
The available price history shows sales in March 2022, June 2024, and March 2025. This pattern of sales every 2-3 years could suggest it has served well as a starter home or investment property, with owners moving on after a typical holding period.

4. What are the implications of the basement being "not renovated"?
The basement is functional space but likely in original or utilitarian condition. This represents both a cost-saving (the price reflects this) and a potential future project for added living space or storage, offering a clear avenue to add value.

5. How does this home compare city-wide?
City-wide data provides the most favourable context for this property. Its living area and assessed value are much closer to the Winnipeg average, suggesting that while it's a modest home for Glendale, it is a very typical offering for the broader market, which may provide more stable resale value.