Property Overview: 1126 Machray Avenue, Winnipeg
Key Characteristics & Appeal
This 1,119 sqft bungalow, built in 1958, sits on a generous 5,553 sqft lot in the Mynarski neighbourhood. Its primary appeal lies in its strong value proposition within its immediate context. While the home's size is fairly typical for Winnipeg overall, it stands out locally for being more modern than most—it's newer than 98% of homes on its own street. This suggests potentially fewer major age-related concerns than neighbours might face.
The assessed value of $351k is notably above average for both the street and the broader Mynarski area, indicating that municipal assessment recognizes a premium value here, likely due to the lot size, condition, and newer construction relative to the area. This creates an interesting dynamic: you're acquiring a home that is a high-performer in its local market, yet remains priced below the Winnipeg city-wide average for assessed value. It suits a practical buyer looking for a solid, post-war home with ample outdoor space, who values being in a mature neighbourhood but prefers a property that isn't among the oldest on the block. It would also appeal to value-focused investors or homeowners who understand that a higher assessment relative to local comparables can be a marker of a well-maintained or superior asset in an evolving area.
Frequently Asked Questions
1. Why is the assessed value so much higher than the average on the street?
The assessment reflects factors like lot size, building condition, and improvements. Being built decades later than most street comparables (1958 vs. an average year of 1932) is a significant factor, as newer systems and materials can positively influence value.
2. What does "Elite – Top 2%" for Year Built mean practically?
It means this is one of the newest homes on Machray Avenue. Practically, this could translate to updates in foundational construction methods, electrical wiring, or plumbing standards compared to much older homes nearby, potentially reducing immediate renovation needs.
3. The home sold in July 2023. Is the current assessed value close to that sale price?
Yes. The sold price range was $350k-$400k, and the assessed value is $351k. This close alignment suggests the assessment is recent and reflects the last market transaction, providing a reliable benchmark.
4. How does the living area compare to nearby homes?
The home is actually above average in size for the Mynarski area, but slightly smaller than the average home on Machray Avenue itself. This indicates a comfortable interior size for the neighbourhood, but highlights that some older homes on the street may have been built larger or added onto over time.
5. Where can I see exact historical sold prices instead of a range?
The site provides sold price ranges publicly. To receive verified, exact historical sale figures, you must request them directly via email from the service, as they are not sourced from the MLS and require a manual lookup.