Property Summary: 1023 Howard Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1023 Howard Avenue in the Maybank neighbourhood presents a straightforward, value-oriented opportunity. Its key characteristic is a generous 4,726 sqft lot, which is notably larger than many others on its street and in the immediate area. This offers valuable outdoor space and potential in a city where lot size is a fixed commodity. The house itself is a modest 720 sqft bungalow built in 1952, with an assessed value that is very manageable and around the average for the local area.
The appeal lies in its positioning as an affordable entry point into the Winnipeg market, particularly for those who prioritize land over a large existing footprint. It suits first-time buyers, investors, or downsizers looking for a lower-cost base with the flexibility to renovate, expand, or simply enjoy a larger yard. A thoughtful perspective is that while the home's living space is compact, its lot size offers a rare chance for outdoor living, gardening, or future projects without the premium typically attached to larger plots. It’s a property where the land may hold more inherent value and potential than the current structure.
Section 2: Frequently Asked Questions (FAQs)
1. Is the price competitive for the area?
Yes. The home’s assessed value is consistently around the average for both Howard Avenue and the wider Maybank neighbourhood, suggesting it is priced in line with local market norms.
2. What are the main compromises with this property?
The living space is compact at 720 sqft, which is below the citywide average. It is also the oldest home on its street, so buyers should budget for maintenance and updates typical of a 1952 build.
3. What is the standout feature?
The lot size. At 4,726 sqft, the property has a larger yard than most comparable homes on the block, offering more private outdoor space and potential.
4. How does it compare to nearby sold properties?
Based on available data, a similar-sized home on Radisson Ave sold for an estimated $200k-$250k in 2016. For a more current and exact comparison, you can request the precise sold price history via email from the listing source.
5. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with ample indoor square footage, or those unwilling to take on a property that may require updates due to its age.