Property Overview: 12 Lethbridge Avenue, Winnipeg
Key Characteristics & Appeal
This 1959 bungalow in Radisson presents a practical opportunity in Winnipeg’s housing market. With 909 sqft of living space, the home is notably compact, placing it below average in size for its street, neighborhood, and the wider city. This characteristic defines much of its profile: it’s a manageable, efficient layout suited for simpler living.
The appeal lies in its balance of value and lot potential. The assessed value of $313k is very competitive, ranking below average on its street but around average for Radisson and city-wide, suggesting a fair entry point. The lot, at 5,247 sqft, is a key asset—it’s around the neighborhood average and offers ample outdoor space relative to the home’s footprint, a valuable combination for future expansion or gardening. The home’s age (older than most on its street) hints at a need for updates, but this also represents a chance to add value.
This property would best suit first-time buyers or downsizers seeking a lower-maintenance footprint with a solid lot in an established neighborhood. It’s for a buyer who sees potential in the land and is comfortable with a cozy interior, possibly viewing a smaller, older home as a canvas for renovation rather than a move-in-ready destination.
Frequently Asked Questions
1. Is the living area too small?
At 909 sqft, it is smaller than most comparable homes locally. This suits individuals, couples, or those seeking minimal indoor upkeep, but families may find it cramped without strategic use of space or future expansion.
2. How does the assessed value compare?
The $313k assessment is below the street average but aligns closely with the Radisson neighborhood average. This indicates the property is priced consistently within its immediate area, not an outlier.
3. What does the lot size offer?
The 5,247 sqft lot is a significant feature. It’s larger than many city lots proportionally and provides valuable outdoor space, which is a key asset for privacy, recreation, or potential future additions.
4. What should I know about the home’s age?
Built in 1959, it is older than most on its block. Buyers should budget for updates to major aging components (like roof, windows, plumbing) and consider the style and efficiency of original features.
5. Where can I get exact historical sold prices?
The site provides sold price ranges. For fully verified, exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.