Property Overview: 460 Almey Avenue, Winnipeg
Key Characteristics & Appeal
This home at 460 Almey Avenue presents a compelling mix of space, value, and potential. Built in 1971, the 1,408 sqft house sits on a truly standout feature: an expansive 37,469 sqft lot (approximately 0.86 acres). This lot size is exceptional, placing the property in the top 3% of the Peguis area and the top 1% citywide, offering rare privacy and room for gardens, recreation, or expansion.
While the living space is modest compared to others on its street, it is above the Winnipeg city average. The assessed value of $529,000 is notably above average for both the wider city and the Peguis area, suggesting the municipal assessment strongly reflects the premium lot value. Recent sales data indicates it sold for between $400,000-$450,000 in late 2023.
The appeal lies in this land-to-house ratio. It suits a buyer who prioritizes outdoor space over a massive interior, such as those seeking a quiet retreat, hobby farmers, or families wanting ample yard space. It’s also a smart candidate for buyers with an eye on long-term value, where the land itself is a significant and appreciating asset. The property may appeal to someone comfortable with a home from the 1970s, potentially looking to update the interior to match the caliber of the lot.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The lot is exceptionally large at over 37,000 sqft. For perspective, a standard residential lot in many Winnipeg neighborhoods is between 5,000-7,000 sqft, making this property's land area roughly five to six times larger than average.
2. Why is the assessed value above average if the house is older and of average size?
Municipal assessments factor in both the building and the land. The exceptionally high value is primarily driven by the scarce and desirable land parcel, which is considered an "elite" asset within the city.
3. What does the sale history tell us?
The home sold in November 2023 for an estimated $400,000-$450,000. This sale price was below the current assessed value, which can occur for various reasons, including market conditions at the time or the property's specific condition. It's an important data point for understanding recent market activity.
4. Who would this property suit best?
It's ideal for buyers who value expansive outdoor space for privacy, gardening, or pets more than a large interior. It could also suit a strategic buyer interested in the long-term potential of the land, whether for personal use or future development possibilities (subject to zoning).
5. How can I get the exact sale price from 2023?
The precise sale price is not publicly displayed due to data source restrictions. You can request the exact figure by emailing the site directly; they will provide a manual lookup free of charge, typically by the end of the same business day.