Property Overview: 108 Algonquin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974-built home on Algonquin Avenue in River East presents a practical opportunity in a well-established neighborhood. With 1,454 sqft of living space and a 6,679 sqft lot, its size is squarely average for both the wider area and the city, offering comfortable space for a small family or couple. The appeal here is one of value and positioning. The home’s assessed value ($412k) is notably below the street average, suggesting a more accessible entry point onto a street of generally higher-valued homes. This creates a potential value proposition for a buyer comfortable with a property that may require updates or simply seeking a cost-effective foothold in the area.
The lot size is a standout feature city-wide, ranking in the top 20%, which offers valuable outdoor space and future potential. This home would likely suit first-time buyers, practical downsizers, or value-focused investors who prioritize lot size over a move-in-ready, top-tier interior. It’s a property for those who see potential in a solid, average-sized home on a good-sized lot, understanding that its below-street-average metrics in living area and value might reflect a need for modernization but also represent a comparative bargain on the block.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($412k) is for municipal tax purposes. The last known sold price (2022) was in the $450k-$500k range. Market conditions, property condition, and updates since the last sale will determine the final price, but the assessed value indicates a baseline that is below the street average.
2. How does this home compare to others on Algonquin Avenue?
The data shows it is smaller in both living area and land size than most homes on the street, and it has a lower assessed value. This means it may be one of the more modest homes on the block, which can be an advantage for affordability.
3. What does the lot size ranking mean for me?
While the lot is below average for the street, it ranks above average city-wide. This means you’re getting a larger-than-typical Winnipeg yard for outdoor living, gardening, or future expansion, which is a significant asset.
4. Are exact past sold prices available?
The site provides sold price ranges unless you are signed in. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS.
5. What might “below street average” living area and value imply?
This often indicates a home that is either more compact in design or one that hasn’t seen the same level of renovation or expansion as its neighbors. It’s important to view the interior to see if the space meets your needs and to budget for any desired improvements.