Property Overview
This 672 sqft bungalow at 1296 Aikins Street in Winnipeg's Margaret Park neighbourhood presents a specific and practical value proposition. Built in 1971, it is notably newer than most homes on its street and in the immediate area. Its key appeal lies in its efficient scale and surprisingly high assessed value relative to its peers on Aikins Street, suggesting it is well-maintained or has desirable features not immediately apparent in the square footage. The lot size is standard for the street but more manageable than larger city-wide averages.
This home would suit a first-time buyer, downsizer, or investor looking for a lower-maintenance property in a stable, established neighbourhood. Its compact size means lower utility costs and less upkeep, while its modern construction (for the area) could mean fewer immediate major repairs. It’s a pragmatic choice for someone prioritizing financial efficiency and a solid foundation over spaciousness.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The property ranks in the top 13% on Aikins Street for assessed value. This typically indicates factors like recent updates, superior condition, or favourable lot characteristics that the municipal assessment model recognizes, even though the living area is below the street average.
2. What does the "below average" living area ranking mean for daily life?
With 672 sqft, the home is significantly smaller than typical houses in Margaret Park and Winnipeg overall. This necessitates efficient use of space and would not comfortably suit a large family or someone needing multiple dedicated rooms (like a home office and guest room).
3. The home sold between $150k-$200k in 2020. Is that a useful price guide today?
It provides a historical benchmark, but market conditions have likely changed since 2020. This range is best used as a starting point for research, not a current valuation. The exact sale price is available upon request from the listing service.
4. How does the 1971 build year compare to the neighbourhood?
It's a relative advantage. Most homes on Aikins Street average a 1940 build year, and in Margaret Park, 1963. A 1971 build may offer more modern wiring, plumbing, and insulation standards than many neighbouring properties.
5. Is the lot size a positive or a negative?
It depends on your priorities. At 3,428 sqft, the lot is fairly standard for the street but smaller than the Winnipeg average. This means less yard maintenance, which is a plus for some, but less private outdoor space, which could be a drawback for others.