Property Overview
1032 Radisson Avenue is a 1,017 sqft bungalow built in 1956, situated on a notably spacious 5,528 sqft lot in Winnipeg’s Maybank neighbourhood. Its assessed value is $25,600, which is below average for the area. The home last sold between 200k–250k in 2020.
Key Characteristics & Appeal
This home’s primary appeal lies in its land. The lot size is well above average for Radisson Avenue, offering significant outdoor space and potential in a neighbourhood where lots are typically smaller. The house itself is modest, with a living area that is average for the immediate street but below the citywide average, suggesting a focus on value and lot utility over interior size.
It would suit practical, value-oriented buyers such as first-time homeowners comfortable with a property that may need updates, or investors looking for a land-advantaged property in a stable, established area. Its below-average assessed value indicates a potentially lower tax burden, which is a key detail for budget-conscious owners. The appeal isn’t in luxury finishes, but in the foundational asset: a large, usable lot in a mature neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
Assessed value is for municipal tax purposes and doesn't equal market value. This home's assessment is below average for its area, which may reflect its age, interior condition, or specific features, but typically results in a relatively lower property tax bill.
2. What does the large lot size mean for me?
The 5,528 sqft lot is a standout feature, offering more space for gardening, recreation, or future expansion (like an addition or garage) than most properties on the street. It provides a sense of privacy and potential not always found in homes of this price range.
3. The home sold between $200k-$250k in 2020. What would it be worth today?
We provide the exact historical sold price upon request via email to ensure accuracy. Current market value would depend on factors like updates made since 2020, current market conditions, and the home's condition, and should be determined by a professional appraisal or comparative market analysis.
4. Is the Maybank neighbourhood a good area?
Maybank is an established, mature neighbourhood. The data shows homes here have consistent, mid-range values for living area and year built, suggesting a stable, non-flashy community of primarily post-war homes.
5. How does this home compare to others on the same street?
It has a larger-than-average lot (ranking 4th largest out of 21 homes on Radisson Ave) but an older-than-average build year and a smaller-than-average assessed value. This combination suggests it may be a more land-value proposition compared to neighbouring properties.