Property Overview: 293 Templeton Avenue, Winnipeg
Key Characteristics & Appeal
This home at 293 Templeton Avenue in Margaret Park is a classic, modest-sized bungalow built in 1960, sitting on a standard city lot. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly within its immediate neighbourhood. The data suggests it is a home that prioritizes function and lot potential over modern size or finishes. Its living area is notably compact compared to others on Templeton Avenue, and its assessed value is well below the street average, indicating a more basic or dated condition.
This property would suit a first-time buyer, an investor, or a hands-on owner looking for a lower-cost footprint in a stable area. Its value proposition is grounded in the land and location rather than the current structure. A thoughtful perspective for the right buyer is the opportunity to live affordably while planning a future renovation or addition, leveraging the decent lot size. It may also appeal to those seeking lower property taxes due to its below-average assessment.
Frequently Asked Questions
1. Is this a fixer-upper?
The data strongly suggests so. With a 1960 build date, a living area below local averages, and an assessed value significantly lower than neighbours, the home likely requires updating. This is reflected in its accessible price point.
2. How does the lot size compare?
The land area is around average for the street and city, which is a positive. It provides a standard outdoor space and potential for expansion, which is a key asset given the home's smaller interior size.
3. Why is the assessed value so much lower than nearby homes?
This typically reflects the home's age, condition, size, and features relative to others on the street. It’s a primary reason for the attractive listing price, but also confirms expectations for needed investment.
4. What can recent sold prices tell me?
The last known sale was between 2016-2025 in the $250k-$300k range. This historical price, combined with the current low assessed value, helps illustrate the home's positioning as an affordable option and may indicate how its value has tracked over time.
5. How do I find out the exact sold price?
The exact sale price is not publicly listed in detail. You can request it directly via email from the listing source, which provides the information manually without marketing spam.