1124 Lansdowne Avenue

Property Overview: 1124 Lansdowne Avenue, Winnipeg

Key Characteristics & Appeal

This 948 sqft bungalow, built in 1958, sits on a generous 4,798 sqft lot in the Mynarski neighbourhood. The data reveals a compelling contrast: while the living space is modest and below average for the area, the property’s assessed value of $310K ranks well above average for Lansdowne Avenue itself. This suggests the value is anchored more in the substantial lot size and location than in the size of the home.

The primary appeal lies in its potential. It represents a solid entry point into the housing market, ideal for a first-time buyer, an investor, or a downsizer comfortable with a cozier footprint. The large lot is a significant asset, offering ample outdoor space for gardening, expansion, or future development, subject to zoning. The home’s age and condition (typical for its era) mean it likely suits a buyer with a vision for gradual updates or who appreciates the character of a well-maintained mid-century home. It’s a practical choice for someone prioritizing land and location over immediate move-in size and modern finishes.

Frequently Asked Questions

1. Why is the assessed value relatively high compared to the home's size?
The assessment reflects more than just living area. It accounts for the larger-than-average lot size for the street, the property’s location on Lansdowne Avenue, and overall market values in the broader area. The land itself represents a substantial portion of the value.

2. What does the sale history indicate?
The property last sold between $250K-$300K in March 2019. The current assessed value of $310K shows appreciation since that time, aligning with broader market trends. For exact historical sale prices, a manual records lookup is required.

3. Who is this home most suitable for?
It’s best suited for a value-conscious buyer—such as a first-time homeowner, an investor looking for a rental property, or someone downsizing—who sees potential in the lot size and is comfortable with a home that may require updates over time.

4. How does it compare to neighbouring properties?
On its own street, the home is newer than most (built in 1958 vs. an average of 1935) and sits on a larger lot. However, its living area is smaller than many neighbours. This mix makes it a unique offering on the block.

5. Where can I see more detailed comparative data?
A neighbourhood analysis map is available for this property, allowing you to visually compare its year built, living area, assessed value, and lot size against nearby houses for deeper context.