Property Overview: 414 Templeton Avenue, Winnipeg
Key Characteristics & Appeal
This home at 414 Templeton Avenue in Margaret Park presents a solid, grounded opportunity. Its primary appeal lies in the combination of a generous lot and a strategic position within its neighborhood. With 6,475 square feet, the land area is notably above average for both the street and the wider Margaret Park area, offering valuable outdoor space and potential. The 1,220 sqft living area is comfortably sized and typical for the city, situated in a home built in 1966.
The property’s standout metric is its assessed value ranking within Margaret Park, where it places in the top 4%. This suggests it is viewed as a high-value asset relative to its immediate area, which could indicate a desirable micro-location or property condition not fully captured by other stats. It would particularly suit pragmatic buyers who value land size over a newer build, and those looking for a home that holds strong equity within its community context rather than just city-wide comparisons. It’s a property for someone who sees the value in established neighborhoods and has the vision to appreciate or enhance a home from the 1960s on a spacious lot.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is significantly larger than most in Margaret Park and on Templeton Avenue itself. This provides more privacy, yard space, and future flexibility than many comparable properties.
2. The home was built in 1966. What should I consider?
While the structure is nearly 60 years old, its assessed value suggests it is well-maintained or has valuable attributes. A thorough inspection is essential to understand the condition of major systems (roof, plumbing, electrical) and to plan for any updates or maintenance typical of this era.
3. What does its "Elite" assessed value ranking in Margaret Park mean?
This indicates that, according to municipal assessment, this property is among the top 4% most valuable in the Margaret Park neighborhood. It often reflects a combination of lot size, location within the area, building quality, and recent improvements. It's a positive sign for the property's standing in the community.
4. How does it compare to nearby recent sales?
The property sold in the 2020 price range of CA$350k–400k. For a precise sold price to inform your offer, you can request the exact history via email from the listing source.
5. Who would this property not suit?
Buyers seeking a modern, turn-key home or those prioritizing a very large interior living space over land size might find better options. The living area is standard, and the age of the home likely requires a willingness to handle periodic maintenance or renovations.