Property Overview: 380 Cork Avenue, Winnipeg
Key Characteristics & Appeal
This 1,072 sqft bungalow, built in 1967 on a 4,978 sqft lot in Margaret Park, presents a solid, no-fuss opportunity in Winnipeg’s housing market. Its primary appeal lies in its strong value proposition within its immediate context. While the living space is average for the area, the property stands out for its assessed value, which ranks in the top 12% on its street and top 16% in the neighbourhood. This suggests it is viewed as a well-maintained or favorably positioned asset compared to its direct peers, potentially offering a sense of security and established worth.
The home would suit pragmatic buyers looking for a straightforward entry into homeownership or a long-term hold. It’s ideal for someone who prioritizes a stable investment in a mature neighbourhood over flashy modern finishes. A thoughtful perspective is that this property represents the "reliable middle" of the market—it may not have the highest ceilings for rapid appreciation, but its above-average assessment for the area indicates a lower risk of being overpriced relative to its surroundings. It’s a home for those who value consistency and community roots over chasing trends.
Frequently Asked Questions
1. What does the "above average" assessed value actually mean for me?
It indicates that, according to municipal assessment, this property holds more value relative to similar homes on its street and in Margaret Park. This can be a marker of good condition, desirable lot placement, or lasting quality, but it's important to verify this with a current home inspection.
2. Is the living space smaller than the Winnipeg average?
Yes, at 1,072 sqft, it is below the city-wide average for comparable homes. However, it is very much in line with the typical size for both Cork Avenue and the broader Margaret Park neighbourhood, reflecting the character of the area.
3. How can I find out the exact historical sale price?
The listed sale price range is based on public data. To obtain the exact figure, you must request it directly via the email prompt provided on the listing page. This is a manual process done to ensure accuracy.
4. The home was built in 1967. What should I consider?
Homes of this era are common in Winnipeg and are often solidly built. Key points for a buyer would be to verify the state of major systems (roof, wiring, plumbing, heating) and check for any updates, as these would be due for review or replacement based on their service life.
5. How does the lot size compare?
The lot is just under 5,000 sqft, which is average for Cork Avenue and Margaret Park but smaller than the city-wide average. This typically means manageable yard maintenance and a layout consistent with the neighbourhood's density.