Property Overview: 255 Bonner Avenue, Winnipeg
Key Characteristics & Appeal
This 1957-built home in River East presents a practical opportunity with a distinct profile. Its key appeal lies in its generous 7,431 sqft lot, which is notably larger than most in both the neighborhood and city-wide, offering valuable outdoor space and potential. The 1,173 sqft living area is modest, particularly for Bonner Avenue where homes tend to be larger, but it aligns closely with city-wide averages, suggesting a manageable, efficient footprint.
The home’s assessed value of $386k sits below the street average but is competitive for the broader area, indicating a potentially accessible entry point into the neighborhood. A thoughtful perspective is that this property represents a balance: you acquire a larger-than-typical parcel of land while the home itself may require updates or offer room for personalization. It would suit a value-conscious buyer looking for land size over immediate move-in perfection, a DIY enthusiast, or someone planning a future expansion who appreciates the established, mature setting of the street.
Frequently Asked Questions
1. How does the home’s age impact its value?
Built in 1957, it is older than most on its street and in River East. This can mean charm and sturdy construction, but buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and factor in a thorough inspection.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($386k) is for municipal tax purposes and serves as a benchmark. The last known sale was between $400k-$450k in late 2020. The final selling price is determined by the current market, condition, and buyer demand.
3. What are the advantages of the larger lot?
The lot is a standout feature, providing more privacy, yard space for gardening or recreation, and future potential for additions, a garage, or a shed, subject to local zoning bylaws.
4. How does this property compare to others on the street?
It is a smaller and older home on a street of generally larger, newer properties. This can mean a more affordable option on the same desirable block, but the home may feel modest compared to immediate neighbors.
5. Where can I get verified sale price history for this home?
The website provides estimated sold price ranges. For fully verified and exact transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.