Property Overview: 22 Continental Avenue, Winnipeg
Key Characteristics & Appeal
This 1976 bungalow in River East presents a solid, value-conscious opportunity in a stable neighborhood. At 1,056 sqft, the home offers a practical living space that is notably above average for its specific street, suggesting it's a well-sized property within its immediate context. One of its strongest assets is the 5,774 sqft lot, which ranks in the top 10% on Continental Avenue, offering generous outdoor space that is increasingly rare. With an assessed value of $375k, it sits above the street average but slightly below the broader neighborhood average, indicating a potentially favorable position for the street.
The appeal lies in its balance and established setting. It suits first-time buyers or downsizers looking for a manageable home with a large yard, without the premium of a newer or significantly larger property. A thoughtful perspective is that while the home's size is below the neighborhood average, its superior lot size offers latent value—potential for expansion, gardening, or outdoor living that newer infill lots often lack. Its consistent sale history in the $300k-$350k range points to a predictable, lower-volatility market segment.
Frequently Asked Questions
1. How does this home compare to others on the street?
The home is competitive on its own street. It has a larger-than-average living area and a significantly larger lot size compared to its direct neighbors, while its assessed value is also slightly above the street average.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value ($375k) is a municipal tool for calculating property tax, not a market appraisal. Historical sold data shows it last sold between $300k and $350k. Market conditions, property condition, and updates will determine the final sale price.
3. What does the lot size ranking mean for me?
Ranking in the top 9% for lot size on the street means you're getting more land than most nearby properties. This provides more privacy, space for recreation, or future projects like a shed or deck, and can be a long-term value driver.
4. The home seems smaller than the neighborhood average. Is that a concern?
It depends on your priorities. While the living area is below the River East average, the property compensates with a larger lot. It represents a different trade-off: more indoor space elsewhere often means less outdoor space. For those who value yard size, this is an advantage.
5. How can I find out the exact past sale prices?
The site provides sold price ranges for context. Due to industry regulations, exact MLS sale figures are not displayed publicly here. You can request the exact historical sold prices via email through the link provided on the property page.