Property Overview: 1015 Radisson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Radisson Avenue in Maybank presents a compelling case for value-focused buyers, particularly those who prioritize land and long-term potential over immediate size. Its key appeal lies in a significant lot size that is well above average for the street, paired with an assessed value that ranks highly within the immediate neighbourhood. This suggests a property that may offer more outdoor space or future development potential than its peers, while still being assessed as a solid asset.
The house itself, built in 1955, is of a typical vintage for the area. At 980 sqft, the living space is modest and slightly below the city-wide average, indicating a home better suited for smaller households, first-time buyers, or those looking to downsize without sacrificing yard space. Its strongest suit is the 5,775 sqft lot, which ranks in the top 14% on its own street. This combination—a smaller, maintainable home on a larger parcel—would suit a practical buyer who sees value in the land itself, whether for gardening, expansion, or simply enjoying more private outdoor space than is commonly available in the price range.
Section 2: Frequently Asked Questions
1. What does the above-average assessed value on the street indicate?
A higher assessed value compared to direct neighbours often reflects a combination of the larger lot size and the property’s overall condition and improvements. It suggests the municipality views it as a higher-value asset on the street, which can be positive, but buyers should always verify this with a current market appraisal.
2. Is the smaller living area a concern?
At 980 sqft, the home is cozy. It’s ideal for 1-2 people or a small family comfortable with efficient living. The trade-off is the larger lot, offering space that isn’t found in many similarly priced homes with more interior square footage.
3. How does the 1955 build year affect the home?
Homes from this era often have solid construction but will likely require updates to mechanical systems like plumbing and electrical. A thorough inspection is essential to understand the condition of the roof, foundation, and major components typical of a 70-year-old house.
4. What can the 2017 sale price range tell me?
The last known sale price (CA$300k–350k) provides a historical benchmark, but it’s from eight years ago. Market conditions have changed significantly since then. For an accurate current value, this data point should be used only as a starting point for research alongside a professional market analysis.
5. Why is the lot size highlighted as a key feature?
In established neighbourhoods, large lots are a finite resource. A lot that is 29% larger than the street average offers rare potential: room for additions, a generous garden, recreational space, or simply more distance from neighbours. This is the property’s most distinct advantage over comparable homes.