Property Overview: 1150 Machray Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Machray Avenue in the Mynarski neighbourhood presents a solid, value-oriented opportunity. Built in 1956, its key appeal lies in its above-average lot size for the area (5,332 sqft) and a living space (1,071 sqft) that is practical and efficient. The data reveals a compelling perspective: while the home itself is modest in size compared to others on its street, its assessed value of $314k ranks notably high on Machray Avenue (top 16%), suggesting the property is viewed favorably relative to its immediate peers. This indicates potential for the underlying land value or the home's condition.
Its appeal is grounded in practicality and value. It suits first-time buyers looking for an entry point into homeownership with room to grow outdoors, or investors seeking a property with a stable assessment in a mature neighbourhood. The fact that it is a newer build compared to most on its street (top 2%) may also mean fewer issues common with century-old homes, appealing to those wanting a balance of character and manageable upkeep.
Section 2: Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for an estimated $300k-$350k in late 2022. The current assessed value of $314k falls within that range, indicating a stable market valuation since its last sale.
2. Is the living area considered small?
It depends on the comparison. The living area is slightly above average for the Mynarski area but is smaller than the typical home on Machray Avenue itself. This creates an interesting dynamic where the house offers efficient space on a larger-than-average lot for the neighbourhood.
3. What does the "Elite" ranking for Year Built mean?
This simply means the home, built in 1956, is significantly newer than most houses on Machray Avenue, where the average build year is 1932. It doesn't indicate luxury, but rather suggests a potentially newer roof, electrical, or plumbing systems compared to neighbouring properties.
4. How reliable is the sold price data shown?
The sold price is based on publicly available data, not the MLS. For fully verified and exact historical figures, you must request a manual lookup from the site via email.
5. The assessed value seems high for the street but average for the city. Why?
The $314k assessment is above the street average ($256.8k) but below the city average ($390.1k). This highlights that property values on Machray Avenue are generally lower than the Winnipeg-wide average, making this home a higher-tier property within its own, more affordable local context.