Property Summary: 156 Lansdowne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition in Winnipeg’s Luxton neighbourhood. Its key characteristic is a notable disconnect: the living space (1,260 sq ft) is above average for Lansdowne Avenue, offering more room than many immediate neighbours, while its assessed value is significantly below average for the street, area, and city. This suggests a property that may offer more square footage per dollar, but likely reflects its older age (built in 1912) and a lot size that is smaller than area norms.
The appeal lies in this potential value-for-space ratio, suited for a specific buyer. It would be a practical fit for a first-time homeowner, an investor looking for a rental property with a lower tax assessment base, or a buyer comfortable with the maintenance and character of a century-old home who prioritizes interior space over a large yard. A less obvious perspective is that a lower assessed value, while indicating a potential need for updates, can also mean relatively lower property taxes compared to nearby homes with similar living areas.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property’s specific attributes as determined by municipal assessment. The home’s age (1912), its smaller lot size relative to the city, and the likely condition and features compared to newer homes all contribute to this below-average valuation.
2. What does the sold price history (2023, CA$200k–250k) indicate?
This recent sale range shows the market price from a couple of years ago. It places the home in the lower to mid-range for sales in its broader area at that time, consistent with its below-average assessment, and provides a recent benchmark for market value.
3. How does the living area compare to nearby homes?
With 1,260 sq ft, this home offers more living space than the average comparable home on Lansdowne Avenue (~1,124 sq ft) and is close to the Luxton neighbourhood average. This is one of its stronger points, providing more interior room than many immediate peers.
4. What should I consider about a home built in 1912?
A home of this age requires a careful review of its major systems (roof, wiring, plumbing, foundation) and updates over the years. While offering classic charm, it may need more ongoing maintenance or modernization than a newer build. A thorough inspection is essential.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed in detail here. You can request it directly via the provided email button. The service manually retrieves and sends the accurate figure, typically by the end of the same business day, without using your email for marketing spam.