Property Overview: 21 Algonquin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,432 sqft home, built in 1974, presents a compelling mix of value and location within Winnipeg's River East neighborhood. Its primary appeal lies in its strong positional value: while the home itself is more modest in size and assessed value compared to others on its specific street, it sits on a larger-than-average 7,197 sqft lot for the city. This creates an interesting dynamic—you are acquiring a property in a well-established area where the land itself holds significant value, with potential for future updates or expansion.
The home suits two main types of buyers. First, it's ideal for practical, value-conscious buyers or young families seeking entry into a stable neighborhood without paying a premium for a fully renovated or oversized home. Second, it appeals to those with a longer-term vision who see the underlying asset: a sizable lot in a mature area, offering possibilities for gardening, outdoor space, or future investment. It’s a property that trades immediate street-level prestige for solid neighborhood standing and lot potential.
Section 2: Frequently Asked Questions
1. Is this home smaller than others on the street?
Yes. The living area is below the street average. This is reflected in its assessed value, which is also below the street average. However, this is what makes the property more accessible while still providing the location benefits.
2. How does the property compare to the wider neighborhood and city?
Favorably. While it ranks below average on its own street for size and value, it ranks above average for both assessed value and lot size within the broader River East neighborhood and citywide. This indicates you're getting a competitively valued property with a desirable lot size for the area.
3. What is the recent sales history for the property?
It sold twice in 2022, with prices estimated between $500k and $600k. These sale prices placed the home in the top 5-13% for the neighborhood at those times, suggesting strong market interest.
4. How can I get the exact historical sold prices?
The site provides estimated price ranges. To obtain verified, exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. What is the potential here for a buyer?
The potential is rooted in the land and location. The lot is significantly larger than typical Winnipeg lots, offering more outdoor space. For a buyer willing to live in a solid, average-sized home from the 1970s, the asset is the valuable land in a established community, which may appreciate or offer future flexibility.