Property Overview: 1238 Church Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1238 Church Avenue in the Mynarski neighbourhood presents a compelling mix of space, value, and potential. Built in 1955, it is a notably newer construction compared to most homes on its street, offering modern advantages within an established area. The property’s standout feature is its generous 5,776 sqft lot, which ranks in the top 5% for size within Mynarski, providing ample outdoor space and future possibilities that are rare for the area.
With 1,057 sqft of living space, the home offers comfortable room for a small family, couple, or an investor. Its assessed value of $288,000 positions it as an above-average investment on its specific street, yet it remains priced below the averages for both the wider neighbourhood and the city overall. This creates an interesting value proposition: you acquire a larger-than-typical lot with a relatively newer home at an accessible price point for Winnipeg.
This property would suit first-time buyers seeking a home with room to grow, value-conscious purchasers looking for a solid lot size, or an investor attracted by the below-average entry cost for the neighbourhood and the lot's redevelopment potential. Its appeal lies in the balance between its private outdoor space and its practical, modestly-sized home, all at a price that reflects the broader area rather than the premium of its own lot.
Frequently Asked Questions
1. How does the sold price range relate to the assessed value?
The home sold between $300,000 and $350,000 in October 2024. This sale price, which is above the $288,000 assessed value, indicates strong market demand and suggests buyers saw value beyond the city's assessment for tax purposes.
2. What does it mean that the home is "newer" on a street with older homes?
Being built in 1955 makes this home decades newer than many neighbours. This often translates to more modern construction materials, electrical systems, and plumbing compared to homes from the early 1900s, potentially reducing immediate renovation needs.
3. Is the lot size a major advantage?
Yes. The lot is significantly larger than most in Mynarski. This not only provides more private yard space but also could offer future flexibility, such as for additions, a garage, or garden suites, subject to zoning approvals.
4. Why is the assessed value below the neighbourhood average?
While the assessed value is above average for Church Avenue itself, it falls below the Mynarski and city averages. This typically reflects the specific characteristics of the home (like its living area) and the assessed values of immediately comparable properties, not necessarily the lot value. It can result in relatively lower property taxes.
5. How can I verify the exact sold price and history?
The exact sale price is not publicly displayed due to industry regulations. You can request the full transaction history and exact figures by emailing the site directly. They will provide a manual lookup, typically by the end of the same day.