Property Overview: 40 Lansdowne Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Luxton neighbourhood. Built in 1907, it is a character property with a living area of 1,144 sqft, which is very close to the average for similar homes on its street and in the local area. Its assessed value is modest and sits around the middle of the pack locally, though it is notably below the city-wide average, suggesting a more accessible price point within Winnipeg.
The appeal here is grounded in value and location. It suits a buyer looking for an entry into the market, an investor, or someone content with a functional home without premium size or modern build dates. The lot size is smaller than most comparables, which can mean lower maintenance. A thoughtful perspective is that this home, while older, appears to be a stable and established part of its immediate community—its metrics are consistently "around average" when compared to its closest neighbours, indicating it fits the fabric of Lansdowne Avenue. It last sold between 2019, so a buyer may find a motivated seller.
Frequently Asked Questions
1. What does the "below average" city-wide ranking for assessed value mean?
This primarily indicates that the home's official assessed value is significantly lower than the average for the entire city of Winnipeg. In practical terms, it often points to a more affordable asking price compared to many other parts of the city, though property taxes may also be correspondingly lower.
2. The home was built in 1907. Should I be concerned?
While the age is a consideration, the data shows that on Lansdowne Avenue and in Luxton, many homes are from a similar era. This suggests the neighbourhood is accustomed to maintaining and updating older properties. A thorough inspection is essential to understand the current condition and any needed updates to plumbing, wiring, or insulation.
3. The lot size is ranked "below average." Is that a major drawback?
It depends on your priorities. A smaller lot (2,998 sqft) means less yard maintenance and potentially lower landscaping costs, which can be a positive for those seeking simplicity. However, it also means less private outdoor space and limited potential for expansions like a large addition or garage.
4. How reliable are the "Sold 2019 CA$150k–200k" price and the assessed value?
The sold price range is based on public data and gives a historical benchmark. The assessed value (24.40k) is for municipal tax purposes and is not a market valuation. The current market price will be determined by recent sales, condition, and demand, and will likely be much higher than the assessed value.
5. Are the nearby listed properties (like 38 or 42 Lansdowne) similar?
The listing shows direct neighbours are very close (8-23 meters away), indicating a typical urban streetscape with minimal space between homes. The "similar assessed value" properties are located in different neighbourhoods across Winnipeg and are only similar in their municipal assessment, not necessarily in style, condition, or market value.