Property Overview: 1230 Troy Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a solid value proposition centered on its desirable lot and strong assessed value within its immediate area. The 999 sqft bungalow, built in 1954, sits on a notably generous 5,333 sqft lot that is larger than most in the Mynarski neighbourhood. Its primary appeal lies in its financial standing: with an assessed value of $351,000, it ranks in the top 6% of homes on its street and in the broader area, suggesting it is a well-regarded property in its local market. While the living space is slightly below the citywide average, it is typical for the area, making it a practical and efficient layout.
This property would suit a value-conscious buyer looking for a established neighbourhood character and the potential that comes with a larger lot, whether for gardening, expansion, or simply more outdoor space. It’s a home that offers more relative strength in its local context than in citywide comparisons, appealing to those who prioritize investment in the land and a stable, community-focused setting over sheer square footage.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold between $350,000-$400,000 in late 2022. Its current assessed value of $351,000 aligns closely with the lower end of that sale range, indicating a stable valuation.
2. Is the living space smaller than average?
At 999 sqft, the living area is typical for Mynarski and very close to the neighbourhood average. It is, however, below the overall Winnipeg average, which is skewed by newer, larger suburban homes.
3. What does the lot size ranking mean for this property?
The lot is over 5,300 sqft, which ranks it above average (top 15%) within Mynarski. This means you're getting more land than most properties in the area, which can be a advantage for privacy, outdoor use, or future development.
4. The home was built in 1954. Should I be concerned about its age?
The age is typical for the street and area. Notably, on Troy Avenue itself, this home is one of the newer properties (ranked 2nd newest of 16). Any concerns would be typical of a home of this era and should be addressed through a thorough inspection.
5. How can I find out the exact historical sold prices?
The site provides sold price ranges for general research. To obtain verified, exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.