Property Overview: 1045 Howard Avenue, Winnipeg
Key Characteristics & Appeal
This 912 sqft bungalow, built in 1955, sits on a 4,726 sqft lot in Maybank. Its primary appeal lies in its strong value proposition within its immediate area. While the home's living space is modest compared to the city-wide average, it ranks very well on Howard Avenue and in the Maybank neighbourhood. The standout feature is its Assessed Value of $38,300, which ranks in the top 4% on its street and the top 22% in Maybank, suggesting it is viewed as a premium property within its local context. This indicates a well-regarded location on the street, potentially due to lot placement, established landscaping, or the specific character of the homes nearby.
The property suits practical buyers looking for a solid foothold in a mature neighbourhood without the premium of a new build. It would appeal to first-time homeowners, downsizers, or value-focused investors who understand that a home's worth is often hyper-local. The recent sale history shows steady appreciation, and the lot size offers potential for future expansion or outdoor space, which is a valuable asset. A thoughtful perspective is that this home represents the "best house on a good street" scenario locally, offering a sense of established community and stability that isn't always captured in city-wide comparisons.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessment ranks in the elite tier for Howard Avenue, which is typically driven by factors like lot desirability, property condition, improvements, and precise location on the street. It suggests this specific property is considered above average in its immediate peer group.
2. How does the living area compare to typical homes?
At 912 sqft, the living area is above average for both Howard Avenue and the Maybank neighbourhood, but below the Winnipeg city-wide average. This is characteristic of many well-built, mid-century bungalows and may suit those looking for efficient, manageable space.
3. What does the sale history indicate?
The home sold in the $350k-$400k range in 2022 and $300k-$350k range in 2017, showing growth. This trajectory, combined with its strong assessed value ranking, points to a property that has held and increased its value well in its area.
4. Is there potential for expansion or renovation?
The lot size of 4,726 sqft is generous for the area and provides a significant asset. It offers clear potential for additions, a garage, or outdoor living spaces, subject to local zoning and bylaws.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly listed in detail. You can request this information directly via the "Get exact sold price history" feature on the listing page, and the service provider will email it to you.