Property Overview: 1245 Court Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 1245 Court Avenue in Leila North is defined by a compelling contrast between its modest house and its exceptional lot. Built in 1973, the 1,338 sqft home features a renovated basement and an attached garage. Its living space and assessed value are generally around average for its immediate street and the wider city.
The primary appeal lies in its land. The property sits on approximately half an acre (21,780 sqft), a rare find within the city. This places it in the top 1-2% of properties citywide for lot size, offering exceptional outdoor potential that is uncommon for Winnipeg. The home suits two distinct buyer types: first, practical buyers looking for a solid, updated base home in a stable neighbourhood who value the future potential of a massive yard. Second, it’s ideal for buyers whose priority is outdoor space—for gardening, recreation, or future expansion—who are willing to choose a standard-sized home to secure that land.
A thoughtful perspective is the value proposition: you are acquiring a premium urban lot with a serviceable house, rather than a premium house on a standard lot. The data suggests the assessed value is leveraged more toward the land than the structure.
Section 2: Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
It is significantly larger. The average comparable lot citywide is about 6,570 sqft. This property’s lot of 21,780 sqft is over three times that size, placing it in the elite top 1% for land area.
2. What is the home’s condition and layout?
The home is a bi-level with a renovated basement. At 1,338 sqft of living area, it is a moderately sized home, typical for its era and street.
3. Who would this property be best for?
It’s an excellent fit for buyers who prioritize extensive outdoor space for family, pets, or hobbies, and for those who see potential in the land itself. It may also appeal to investors or buyers considering future property development, subject to zoning.
4. How does the value compare to the neighbourhood?
The home’s assessed value is below the average for Leila North, but this is likely because many homes in the area are newer (average year built 2017). Its value is above average citywide, reflecting the premium for its substantial land.
5. What is the price history?
Public records indicate the property last sold between $38.5k and $41.5k in October 2019. For precise historical sold prices, you can request the exact figures via email from the listing source.