Section 1: Property Overview
This 1974-built home on Foxdale Avenue presents a compelling proposition centered on space and established value. Its primary appeal lies in its generous proportions: at 2,691 sqft, the living area is significantly larger than most homes in Winnipeg, placing it in the top 2% citywide. The true standout feature, however, is the land. The lot of over 26,000 sqft is exceptionally large, ranking in the top 1% for the neighborhood and city, offering rare potential for privacy, gardening, expansion, or future development.
While the home itself is typical for its street in age and assessed value, its scale within the broader River East area is notable. It suits buyers who prioritize interior and exterior space over a newer build, and who see value in a property that already stands out in its immediate area but holds an even more elite position when viewed in the wider community context. It’s a solid choice for a growing family needing room to spread out, or for someone who values a substantial yard as a long-term asset.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The home is assessed at $593k, which is typical for Foxdale Avenue but well above the River East average. The last sold price in 2020 was between $400k-$450k, indicating significant appreciation. Market conditions and the home’s unique lot size will be the primary drivers of the final sale price.
2. Is the large lot a benefit or a burden?
It’s a major asset for privacy and potential use, but it also means higher property taxes and more maintenance. The value is in its rarity; lots of this size are almost non-existent in newer subdivisions.
3. The home is average for its street but elite for the area. What does that mean?
It suggests you’re buying into a stable, established street where this home fits right in, while owning one of the larger properties in the entire district. You get neighborhood consistency with the bonus of a above-average asset within it.
4. What might a 1974-built home require?
While systems and the roof may have been updated, buyers should budget for potential updates common to homes of this era, such as windows, insulation, or original plumbing and electrical components. A thorough inspection is advised.
5. How can I verify the exact past sale prices?
The website provides estimated price ranges. To obtain verified, exact historical sale figures, you must request them directly via email, as this data is not sourced from the MLS system.