Property Overview: 367 Templeton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on affordability and location within Winnipeg's Margaret Park neighborhood. Its key characteristic is a notably low municipal assessed value, which ranks in the bottom 15% for the area and city. This suggests a potentially lower property tax burden and an accessible entry point into the market.
The appeal lies in its practicality. With 1,170 sqft of living space, it offers functional room count in a neighborhood where similarly sized homes are common. Built in 1970, it is relatively newer than many homes in Margaret Park, potentially meaning fewer immediate concerns with aging infrastructure compared to older stock.
This property would best suit a specific type of buyer: first-time purchasers or investors prioritizing a low upfront cost and lower ongoing taxes over lot size or modern finishes. It’s a pragmatic choice for those who see potential in a home that may require updates, viewing the below-average lot size (2,925 sqft) as a trade-off for manageable maintenance and a focus on the interior living space. The historical sale price range (CA$200k–250k in 2021) aligns with this value-focused profile.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the area average?
A significantly lower assessment can be due to several factors, including the home's smaller lot size, specific condition, layout, or features that the city assessor has valued differently than comparable properties. It typically indicates a lower property tax bill.
2. What does the "below average" lot size mean for me?
The lot is approximately half the size of the average lot in Margaret Park. This means less yard for gardening or recreation, but also significantly less maintenance, lower landscaping costs, and a more efficient use of outdoor space.
3. The home is newer than many in the area. Is that an advantage?
A 1970 build date is above average for this neighborhood, where many homes are older. This can be an advantage, potentially indicating updated electrical systems, plumbing, or insulation compared to pre-1960s constructions, though a full inspection is always recommended.
4. How reliable are the sold price ranges shown?
The provided ranges are based on public data, which sometimes only shows approximate sale figures. For precise historical sale prices to inform your offer, you must request the exact data via the provided email service.
5. Who would this property not be ideal for?
It may not suit buyers looking for a large yard, extensive outdoor space, or a move-in-ready home with modern valuations and finishes. It’s best for those comfortable with a value-oriented project or a straightforward, no-frills home base.