Property Overview: 1202 Bond Street, Winnipeg
Key Characteristics & Appeal
This is a practical, mid-century home in Winnipeg's Radisson neighborhood, built in 1961. With 996 sqft of living space, its size is very typical for its immediate street and area, offering a comfortable footprint for a smaller household. The home’s standout characteristic is its assessed value of approximately $271k, which sits well below both the neighborhood and city averages. This presents a clear value proposition for entry into the market.
The appeal lies in its affordability and efficiency. While the lot size is notably smaller than most in the area, this often translates to lower maintenance costs and less yard work—a potential benefit for busy professionals, first-time buyers, or downsizers. The home is newer than many on its street, suggesting it may have had updates over the years or require relatively less immediate investment in aging infrastructure compared to older peers.
This property would best suit value-conscious buyers looking for a straightforward, no-frills home in a established neighborhood. It’s a sensible choice for those prioritizing financial accessibility over square footage or expansive outdoor space, and who see the smaller lot as a feature rather than a drawback.
Frequently Asked Questions
1. Is the smaller lot size a major concern?
While the lot is below average in size for the area, it reduces maintenance time and costs. It’s a trade-off that prioritizes a manageable property over expansive green space.
2. How does the assessed value compare to likely selling price?
The assessed value is a municipal estimate for tax purposes. Recent sold prices for similar homes in Radisson suggest a market price potentially in the $200k-$300k range, but exact figures require verified sales history.
3. What does the "newer than street average" year built mean for me?
Built in 1961, this home is younger than many on its street (average year built: 1941). This can sometimes indicate newer building materials, wiring, or plumbing compared to pre-war homes, but a specific inspection is essential.
4. Who would this home not suit?
Buyers needing significant living space (it's below the city average), those desiring a large garden or outdoor area, or investors seeking properties with lot value for redevelopment may find it limiting.
5. How can I get precise sold price data for this area?
The provided data shows price ranges. For fully verified and exact sale histories of comparable properties, you must request a manual lookup from the site, which they provide via email.