Property Overview & Key Characteristics
This well-situated home at 1-704 Dorchester Avenue in Winnipeg’s McMillan neighbourhood presents a practical and appealing opportunity. Built in 2001, it is a notably newer construction compared to most homes on its street and in the wider area, suggesting modern building standards and potentially lower immediate maintenance needs. With 1,208 square feet of living space, it offers comfortable room for a small family or couple, ranking solidly above average for size both locally and citywide.
The home’s appeal lies in its balanced position. It’s not an outlier in any single metric but consistently performs above average in assessed value, living area, and year built when compared to its immediate neighbours and the broader McMillan area. This indicates a property that holds its value well within its context. Recent sale history shows steady price appreciation, with the last sale in 2024 estimated between $350k-$400k.
This property would suit first-time buyers or downsizers seeking a move-in-ready home without the uncertainties of a century-old structure. It’s also a sensible fit for value-oriented investors or owners who prioritize a modern foundation in an established neighbourhood, offering a blend of newer amenities within a mature community setting.
Frequently Asked Questions
How does this home’s age compare to others nearby?
Built in 2001, this home is significantly newer than most in the area. It ranks in the top 11% on its street for year built, where the average home dates to approximately 1950.
What do the rankings for Assessed Value indicate?
The assessed value of $33,200 ranks above average (top 26%) on Dorchester Avenue and even higher within McMillan (top 16%). This suggests the property is valued more highly by the assessor than many comparable homes, which can reflect its condition, improvements, or desirable attributes.
Is the sold price history reliable?
The listed sold prices ($250k-$300k in 2016, $300k-$350k in 2019, $350k-$400k in 2024) are estimated ranges based on public data. For precise historical sale figures, you must request the exact data directly from the listing service via email.
Who might the nearby, similarly valued properties be for?
The list of homes with identical assessed values in other neighbourhoods (like Varsity View or Elmhurst) is provided for tax assessment comparison. It’s useful for understanding what the city deems of equivalent value, but these are not necessarily similar-style homes or in the same location.
What is the immediate building environment like?
The listing shows several units at the same 704 Dorchester Avenue address (e.g., 2-704, 3-704). This indicates the property is likely part of a condominium or townhouse complex, not a standalone single-family home. Considerations would include condo/strata fees, bylaws, and shared amenities.