Property Overview
This 672 sqft bungalow at 1302 Aikins Street in Winnipeg's Margaret Park neighbourhood presents a specific, value-oriented opportunity. Built in 1971, it sits on a 3,406 sqft lot. The home's standout characteristic is its assessed value of $25,100, which ranks significantly above average for Aikins Street itself. This suggests the property may hold inherent value or potential that outpaces its immediate surroundings. However, its living space is notably compact, ranking below average for both the street and the wider city.
Its appeal lies in its position as an efficient, lower-barrier entry point into the housing market. It would suit a first-time buyer, an investor looking for a manageable rental property, or someone seeking a minimalist footprint without a large yard to maintain. A thoughtful perspective is that its higher assessed value on the street could indicate it's a relative standout on the block, possibly due to updates or condition not captured in the basic metrics. The modest size and lot make it a candidate for someone prioritizing financial efficiency and simplicity over space.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The data shows this home's assessed value is in the top 16% on Aikins Street, well above the street's average. This can sometimes reflect improvements, a desirable lot orientation, or a recent assessment that captured positive attributes not immediately obvious from the basic square footage.
2. How does the sold price range from 2022 relate to the current assessed value?
The home sold for an estimated $200k-$250k in 2022. The current assessed value of $25,100 is for taxation purposes and is not a market valuation; market value is typically much higher. This large difference is normal and reflects different appraisal methods.
3. Is the living area too small for practical use?
At 672 sqft, the living area is below average. This layout would likely suit one or two people comfortably. Buyers should consider if an efficient, open-concept layout or the potential for a strategic addition (subject to permits) could make the space work for their needs.
4. What does the "below average" land area mean for me?
With a lot size below the neighbourhood average, maintenance like lawn care and snow clearing will be less demanding. This is an advantage for those seeking a low-maintenance property, but it also means less private outdoor space and limited room for expansions like a large deck or garage.
5. How can I find out the exact past sold price?
The provider states that exact sold prices are not publicly displayed due to data sourcing. You can request the exact figure by emailing them directly through the button provided on the listing page; they note they do not use email addresses for unsolicited marketing.