Property Overview: 402 Armstrong Avenue, Winnipeg
Key Characteristics & Appeal
This home at 402 Armstrong Avenue in Margaret Park presents as a practical, no-frills property grounded in its neighbourhood context. Built in 1966, it sits on a roughly 5,000 sqft lot and offers 980 sqft of living space. The data suggests it is a house of averages: its assessed value is typical for its street and area, and its lot and living space are modest but not outliers. Its recent sale in the $300k-$350k range indicates it is positioned as an accessible entry point into the Winnipeg market.
The primary appeal lies in its straightforward value and stability. It suits first-time buyers or practical investors seeking a functional home without premium pricing, in an established neighbourhood. A less obvious perspective is that its "average" metrics across the board could be a strength—it avoids the high taxes of a top-tier assessment or the potential functional drawbacks of a much smaller home, representing a balanced, middle-ground option. For the right buyer, it’s a canvas: a chance to build equity through updates without the initial premium of a fully renovated or larger property.
Frequently Asked Questions
1. How does this home's size compare to others in the area?
At 980 sqft, the living area is below the average for both Armstrong Avenue and the wider Margaret Park neighbourhood. This indicates a more compact, manageable footprint compared to many nearby homes.
2. Is the assessed value likely to lead to higher property taxes?
The assessed value is around the median for the immediate area and city-wide, suggesting property taxes should be in line with typical homes in Winnipeg, not disproportionately high or low.
3. What does the lot size mean for potential expansion or outdoor space?
The lot is approximately 5,023 sqft, which is near the area average. This provides a standard-sized yard for the neighbourhood and could allow for future additions like a garage or deck, subject to local zoning.
4. The home sold recently. What does that price range indicate?
Its sale in the $300k-$350k range in 2024 placed it in the top 21% of sales on its street at that time, suggesting it was competitively priced and in demand compared to its direct neighbours during that period.
5. Where can I see more detailed context about the neighbourhood?
You can use the provided neighbourhood analysis page to see this property on a map alongside nearby homes, comparing details like year built, lot size, and assessed value visually.