Property Overview: 1188 Polson Avenue, Winnipeg
Key Characteristics & Appeal
This 858 sqft bungalow, built in 1958, presents a compelling case for value-focused buyers. Its standout feature is its assessed value of $317k, which ranks in the top 13% on its own street, indicating it is considered a higher-value property in its immediate context compared to neighbors. The home sits on a 4,096 sqft lot, offering decent outdoor space for the area.
The appeal lies in a clear value proposition. While the living space is modest and below area averages, the property is newer than most on the block (ranking in the top 4% for year built on Polson Avenue), suggesting potentially fewer immediate concerns than older surrounding homes. It suits first-time buyers, downsizers, or investors looking for an entry point into the Mynarski neighborhood with a home that has a strong assessed value relative to its street. It’s a practical choice for those prioritizing lot size and a more recent build date over square footage, who are comfortable with a home that may require updates.
Frequently Asked Questions
1. Why is the assessed value relatively high compared to the living area?
The assessment likely reflects the property’s desirable lot size and its notably newer construction date compared to many homes on the street, which may translate to different valuation metrics.
2. How does the sold price from 2019 relate to the current assessed value?
The home sold for an estimated $250k-$300k in March 2019. The current $317k assessment suggests a significant increase in its municipal valuation since that last sale, which may influence listing expectations and property taxes.
3. What does it mean that the home is "newer" than others on the street?
Built in 1958, this home is decades newer than the street average (1934). This could mean updated foundational systems, wiring, or plumbing compared to neighboring properties, potentially reducing some immediate renovation risks.
4. Is the lot size typical for the area?
At just over 4,000 sqft, the lot is around average for Polson Avenue but below the average for the wider Mynarski area. It offers usable outdoor space but may not be as large as some other properties in the neighborhood.
5. Where can I find verified historical sale data?
The site notes that exact sold prices are not displayed due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up the data.