Property Overview: 1208 Polson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1208 Polson Avenue presents a specific value proposition centered on its lot and newer construction relative to its immediate area. Built in 1958, it is notably newer than most homes on Polson Avenue and in the wider Mynarski neighbourhood, which can be a significant advantage for maintenance and systems. The 4,096 sqft lot is a comfortable size, offering good outdoor space for the area.
The appeal lies in its position as a more modern home on a decent lot within an established community, offered at an assessed value ($264,000) that is below the averages for both Mynarski and Winnipeg city-wide. This creates an accessible entry point into the market. The living area (885 sqft) is compact, suggesting a efficient, manageable layout ideal for a first-time buyer, downsizer, or an investor seeking a straightforward rental property. It suits a practical buyer who prioritizes a newer build date and lot size over interior square footage, and who sees value in a home priced below broader market averages.
A less obvious perspective is that its "below average" size and value metrics within its neighbourhood could indicate less competition from buyers seeking larger, renovated homes, potentially offering a quieter purchasing process. Its strong "year built" ranking suggests it might avoid some of the major upgrade costs common with much older area homes.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 885 square feet, the living area is below the average for similar homes on its street, in the Mynarski area, and across Winnipeg. This indicates a more compact, efficient layout.
2. Is the assessed value a good indicator of the price?
The assessed value is $264,000. It sits around the average for Polson Avenue but is below the averages for the Mynarski area ($307,800) and the city ($390,100). It serves as a baseline for municipal taxation, but the final sale price is determined by the market.
3. What does the "Elite" ranking for year built mean?
Built in 1958, this home is in the top 4% of homes on Polson Avenue by age, meaning it is one of the newer houses on the street. It is also newer than 93% of homes in Mynarski, which is a key characteristic.
4. What is known about previous sale prices?
Records indicate a sale between $200,000 and $250,000 in August 2016. For fully verified and exact historical sale figures, a manual lookup can be requested via the website.
5. How does the lot size compare?
The 4,096 sqft lot is slightly larger than the average for Polson Avenue. It is, however, below the average lot size for both the Mynarski neighbourhood and the city as a whole, which is typical for inner-city areas.