Property Overview: 392 Templeton Avenue, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow on a spacious 5,351 sqft lot in Margaret Park presents a straightforward, grounded opportunity. Built in 1965, it is notably older than many homes on its street, which may appeal to buyers interested in the classic character and solid construction of that era, with the understanding that updates may be part of their plan.
Its primary appeal lies in its balance and context. The home's living area and assessed value ($328k) sit comfortably around the averages for both the wider neighborhood and the city, suggesting it is a typical, fairly priced offering for Winnipeg. However, a thoughtful perspective reveals its position on Templeton Avenue itself: here, the home is slightly smaller and has a lower assessed value than the street average. This could represent a relative value entry point onto a street of generally higher-value homes, offering potential for equity growth as improvements are made.
The property would suit a first-time buyer or practical investor looking for a manageable-sized home with a generous lot in a stable neighborhood. It’s for someone who values space outdoors over a large interior footprint and is comfortable with a home that may require modernization over time.
Frequently Asked Questions
1. How does this home’s value compare to recent sales in the area?
The provided data does not include a direct sales history for this property. For fully verified figures and a complete transaction history, you can request a manual lookup via email from the listing source.
2. Is the living space considered small?
At 1,040 sqft, it is slightly below the average for Templeton Avenue but is very close to the typical size for the broader Margaret Park neighborhood. It offers a efficient layout that may be ideal for smaller households or those wanting less space to maintain.
3. What does the assessed value tell me?
The $328,000 assessment is a municipal valuation for tax purposes. It is a useful benchmark, showing the home is priced within the middle range for the area, but the final market sale price is determined by current buyer demand and the property's condition.
4. The home is older than most on the street. Should I be concerned?
Built in 1965, it is among the older third of homes on Templeton Avenue. This isn't inherently a concern, as many homes from this period are well-built, but it does make a thorough inspection for aging components (like roof, wiring, or plumbing) especially important.
5. What are the advantages of the lot size?
At over 5,300 sqft, the lot is above average for both the street and neighborhood. This provides excellent outdoor space for gardening, recreation, or future expansion, which is a significant asset not always found with homes of this interior size.