Property Overview: 403 Templeton Avenue, Winnipeg
Key Characteristics & Appeal
This home at 403 Templeton Avenue is a practical, mid-century bungalow built in 1966, situated in the Margaret Park neighbourhood. With 1,012 square feet of living space and a 5,082 square foot lot, it presents a manageable footprint. The data suggests it is a solidly average property within its local context, not standing out as exceptionally large or modern, but also not at the bottom of the market. Its assessed value of $320k aligns with this middle-ground positioning.
The primary appeal lies in its established location and its value as a functional, no-frills home. It last sold in 2023, indicating recent market validation. For buyers, it represents an opportunity to enter a stable neighbourhood without a premium price tag. It would suit first-time homebuyers seeking affordability and a manageable yard, or investors looking for a straightforward rental property. A thoughtful perspective is that its "average" metrics in the area could be a stability advantage, offering less volatility and a clearer, more predictable value proposition compared to properties that rank at extreme highs or lows.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At just over 1,000 sqft, the living area is below the average for Templeton Avenue itself but is closer to the average for the wider Margaret Park area. This indicates it's a more compact option on its specific street.
2. What does the assessed value tell me about the property?
The $320k assessment is below average for its immediate street but around average for both the Margaret Park neighbourhood and the city overall. This often reflects the home's older age and smaller size relative to some neighbours, not necessarily its condition.
3. Has the property value increased?
Based on sold price ranges, the home likely appreciated between its 2017 sale (estimated $250k-$300k) and its 2023 sale ($300k-$350k). For the exact sale prices to understand the precise gain, you need to request the data directly from the listing service.
4. What are the less obvious considerations of an older home like this?
Built in 1966, major components like the roof, windows, furnace, or plumbing may be at or beyond their typical lifespan. Budgeting for updates is a key part of evaluating the true cost. Conversely, homes from this era often feature larger lot sizes than newer constructions.
5. Who would this property not suit as well?
Buyers looking for a move-in-ready modern home with open-concept layouts or who prioritize being in the top tier of their street in terms of size and value may find this property requires too much compromise or future investment.