Property Overview: 398 Armstrong Avenue, Winnipeg
Key Characteristics & Appeal
This home at 398 Armstrong Avenue in Margaret Park presents a solid, middle-of-the-road offering in Winnipeg’s market. Built in 1966, it sits on a generous 4,671 sqft lot, providing ample outdoor space that is notably larger than many city-wide comparables. The 1,040 sqft living area is comfortably average for both the immediate street and the broader neighbourhood, suggesting a practical layout without extreme size compromises.
The primary appeal lies in its balance and stability. The property doesn’t rank at the very top or bottom in any major category—from assessed value to living area—which indicates a home that aligns closely with local norms. This makes it a predictable and lower-risk option in its area. It would suit first-time buyers or practical downsizers looking for a manageable home in an established neighbourhood without the premium price or maintenance surprises of a newer or highly renovated property. The sizable lot is a key asset, offering potential for gardening, expansion, or simply more private outdoor space than typically found for the price.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value of $30,600 is very close to the average for Armstrong Avenue and Margaret Park. This suggests it is priced consistently within its immediate market, neither a standout bargain nor overvalued compared to direct neighbours.
2. What does the sold price history indicate?
It last sold between $300,000 and $350,000 in 2021. This price range was above the neighbourhood average at that time but below the city-wide average, reflecting its position as a competitively priced home within a specific, established area.
3. Is the lot size a significant feature?
Yes. At 4,671 sqft, the lot is larger than over 60% of properties both on its street and across Winnipeg. This is one of the home’s strongest tangible assets, offering more outdoor space than many modern lots.
4. What should I know about the home’s age and condition?
Built in 1966, the home is older than many on its street. Buyers should factor in the potential for updates to major aging components like roofing, windows, or mechanical systems, which is typical for homes of this vintage.
5. How can I get the exact historical sold price?
The exact sold price is not publicly listed. You can request it directly via the provided email form. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing use of your contact information.