Property Overview: 57 Blackmore Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 880 sqft bungalow, built in 1971, sits on a 4,998 sqft lot in Minnetonka. Its core appeal lies in being a modest, entry-level home with a recent sale history (2023) and a very low municipal assessed value ($31,700), which suggests potentially lower property taxes. The home is notably compact compared to others in the immediate area and wider Minnetonka neighbourhood, where average living spaces and lot sizes are significantly larger. This positions it not as a sprawling family home, but as an efficient, manageable property.
The appeal is primarily practical and financial. It suits first-time buyers, downsizers, or investors seeking an affordable foothold in the Winnipeg market with lower ongoing tax costs. Its smaller scale means less maintenance and lower utility costs. A thoughtful perspective is that while it ranks below average for size in its local context, its city-wide assessed value is around the median, hinting that the land location still holds inherent value. For the right buyer, the trade-off of less space for greater affordability and simplicity in a established neighbourhood could be a calculated advantage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Municipal assessed values in Manitoba are used for tax purposes and often don't reflect current market value. The sale price (between $250,000-$300,000 in 2023) is what a buyer actually paid, while the low assessment could indicate a favourable property tax situation.
2. How does the smaller living area and lot size impact daily life?
The home offers efficient, low-maintenance living but less room for expansion, large gatherings, or extensive outdoor activities compared to neighbouring properties. Storage and workspace may be limited.
3. What does the "below average" ranking for lot size in the area mean?
Most lots on Blackmore Avenue and in Minnetonka are over 7,500 sqft. This lot is approximately 5,000 sqft, meaning you have less private outdoor space than immediate neighbours, but it is closer to the city-wide average.
4. Is a home built in 1971 a concern?
The build date is typical for the area. While major components like the roof, windows, and mechanical systems may be due for updates or replacement given the home's age, a professional inspection is essential to determine current condition.
5. Where can I see more detailed context about this specific location?
You can use the provided link to open a neighbourhood map analysis, which visually compares this property to nearby homes based on year built, size, assessed value, and lot dimensions.