Property Overview: 395 Almey Avenue, Winnipeg
Key Characteristics & Appeal
This home at 395 Almey Avenue presents a compelling mix of space, value, and potential. Built in 1972, its 1,530 sqft living area is comfortably above the Winnipeg average, offering ample room within a well-established neighborhood. The property’s standout feature is its exceptional lot size of over 37,500 sqft, placing it in the top 1% city-wide. This vast outdoor space is a rare find, offering immense privacy and possibilities for gardening, expansion, or recreation that are simply unavailable in newer subdivisions.
Its appeal lies in this unique balance. The assessed value of $544k is above average for both the neighborhood and the city, reflecting the premium for such a substantial parcel of land. However, compared to nearby newer builds on smaller lots, it may represent a value proposition for buyers prioritizing land over a recently constructed home. This property would best suit a buyer looking for a long-term family home with room to grow, a DIY enthusiast or builder who sees potential in the existing structure and land, or anyone seeking a private, spacious retreat within the city limits that offers a tangible legacy asset in the form of the land itself.
Frequently Asked Questions
1. How does the age of this home (1972) compare to others in the area?
The home is older than most in the immediate Peguis neighborhood, which is predominantly newer construction. However, it is typical for its specific street and aligns closely with the average age of homes across Winnipeg.
2. Is the assessed value likely accurate given the home's age?
The above-average assessment is driven significantly by the elite-sized lot, not the dwelling itself. In this market, land value often constitutes a major portion of the total property value, especially for lots of this rarity.
3. What does the large lot size mean for me practically?
Beyond privacy and space, it offers flexibility. You could potentially add structures like a large garage or workshop, create extensive landscaping, or even explore future subdivision possibilities, subject to municipal zoning and approvals.
4. Why is there no sales history shown for this listing?
The property may not have changed hands in recent decades, or the available public records may not capture the transaction. For verified sales history, you would need to request a manual lookup from the site providers.
5. How does this home’s value compare to the newer houses referenced nearby?
While newer homes may have modern finishes, they are typically built on much smaller lots. This property trades contemporary construction for a vastly superior land base, which is a permanent and appreciating asset. It’s a choice between a newer house and a generational lot.