Property Overview: 1823 Mathers Avenue
Key Characteristics & Buyer Profile
This 1,266 sqft bungalow, built in 1957, sits on a roughly 5,772 sqft lot in Winnipeg's Mathers neighbourhood. Its core appeal lies in its solid value proposition and manageable scale. The home presents as a practical, no-frills opportunity, particularly suited to first-time buyers, downsizers, or investors seeking a functional property without a premium price tag.
The data reveals a nuanced position in the market. While the living area is modest compared to others on Mathers Avenue, it is very close to the city-wide average, suggesting a comfortable size for many. The assessed value is notably above average for both the broader Mathers area and the city, which can indicate good municipal valuation relative to peers, but it's below the average for its specific street. This points to a property that may offer more interior space and lot size per dollar than some immediate neighbours, representing a potential value play within the locale. The 2022 sale in the $500k-$550k range further anchors its market position.
This home would best suit a hands-on buyer who values a larger-than-average city lot for the price and sees potential in a classic 1950s layout. It’s a candidate for those comfortable with gradual updates or who prioritize location and lot over turn-key finishes. The numbers suggest you're paying for land and fundamentals rather than luxury finishes or size.
Frequently Asked Questions
1. Is this a good value compared to other homes in the area?
The data suggests it could be. While the living space is smaller than many on Mathers Avenue, the assessed value is also lower relative to those same homes. Compared to the wider Mathers area and Winnipeg overall, its assessed value is above average, but you're getting a lot size that is consistent with local norms. This often indicates a fair value proposition.
2. What does the 1957 build date mean for maintenance?
Built in 1957, the home is older than 97% of houses on its street. Buyers should budget for updates common to homes of this era, such as roofing, windows, plumbing, or electrical systems. A thorough inspection is essential, but this vintage also often comes with sturdy construction and simple, functional layouts.
3. How reliable is the sold price information?
The listed sale price of CA$500k–550k for 2022 is a range based on public data. For the exact sale price to inform your offer, you must request it directly via the provided email service, as this information is verified and shared manually.
4. The rankings show "above average" for city-wide assessed value but "below average" for the street. Which is more important?
Both perspectives are useful. The street-level comparison shows how it stacks up against your immediate neighbours, suggesting it may be a more modest home on that block. The city-wide ranking indicates that, overall, the property holds a solid assessed value compared to all Winnipeg homes, which can be reassuring for resale and municipal tax context.
5. Who would this property not be suitable for?
It may not suit buyers looking for a move-in-ready home with modern, open-concept layouts or those needing significant square footage. Given its older age and modest size relative to its street, it's likely less ideal for someone prioritizing prestige on the block or who wants to avoid any renovation projects.