Property Overview: 407 Templeton Avenue, Winnipeg
Key Characteristics & Appeal
This 1,157 sqft bungalow, built in 1966, presents a classic Winnipeg home with a standout feature: its generous 6,211 sqft lot. The land size is notably above average for both the immediate street and the broader Margaret Park area, offering valuable outdoor space and potential. While the living area is modest compared to some neighbours, the home’s assessed value is positioned below average on Templeton Avenue, which may indicate an opportunity for value-conscious buyers. Its appeal lies in this combination of a sizable, well-located lot with a home that has a straightforward, functional layout typical of its era. It would suit a first-time buyer looking for a foothold in a stable neighbourhood, a hands-on owner interested in gradual updates, or someone prioritizing yard space over a larger interior footprint. A less obvious perspective is that a home with metrics that are average or below average in its immediate micro-area, but on a large lot, can represent a chance to invest more in the property itself (through renovation or expansion) while already owning a premium asset—the land.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is 6,211 sqft, which ranks in the top 27% city-wide, meaning it's significantly larger than the average Winnipeg residential lot.
2. Is the home's assessed value a reliable indicator of its market price?
Not directly. The assessed value of $32,200 is for municipal tax purposes. The last known sale was between $250k-$300k in 2016. Market price is determined by current conditions, and the assessed value being below the street average can sometimes reflect the home's older condition or features, not just its market worth.
3. What does the "below average" year built ranking mean?
Built in 1966, this home is older than 76% of the homes on Templeton Avenue. This suggests the street has seen significant newer construction or renovations. Buyers should factor in the potential for systems (roof, wiring, plumbing) to be near or past their typical lifespan.
4. Can I find out the exact historical sale prices?
Yes, but not automatically through public data. The listing service offers to provide exact sold price history via a manual email request, which they aim to fulfill by the end of the same business day.
5. How does the living space compare to the neighbourhood?
At 1,157 sqft, the living area is smaller than the average home in Margaret Park (which averages 1,396 sqft for comparable properties). This highlights that the property's primary strength is its land, not the size of the current dwelling.