Property Overview: 1180 Polson Avenue, Winnipeg
Key Characteristics & Appeal
This 1,038 sqft bungalow, built in 1957, sits on a notably generous 5,095 sqft lot in the Mynarski neighbourhood. Its primary appeal lies in its strong positional value within its immediate context. While the home's living area is average for the street and area, it stands out for its assessed value, which ranks in the top 6% on Polson Avenue and the top 12% in Mynarski. This suggests the property is viewed as a higher-value asset compared to its closest neighbours, likely due to its larger lot size, which is also above average for the area.
The home suits practical buyers looking for a solid footprint with room to grow, either indoors or outdoors. It’s a property that represents a relative premium on its block, appealing to those who value space and potential over a recently built home. A thoughtful perspective is that this home may offer a balance of established neighbourhood character with a lot that provides flexibility for expansion, gardening, or outdoor living, which is less common on nearby properties.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold between $250,000-$300,000 in October 2019. Its current assessed value of $337,000 is significantly higher, indicating a substantial increase in its municipal valuation since that last sale.
2. Is the lot size a major advantage?
Yes. At over 5,000 sqft, the lot is larger than most on Polson Avenue and in the Mynarski area. This provides more outdoor space and potential for additions, which is a key factor in its above-average assessed value for the location.
3. What does the "above average" year built ranking mean?
Ranking in the top 7% for year built on its street doesn't mean it's new. It indicates that, compared to the older housing stock on Polson Avenue (average year built ~1934), this 1957 home is among the newer properties, which can be an advantage for systems and structure.
4. Who are the typical buyers in this area?
This property would suit first-time homeowners, small families, or investors looking for a character home in an established neighbourhood with a sizeable lot. It appeals to those prioritizing lot size and value within a specific community over a brand-new build.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general research. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.