Property Summary: 89 Algonquin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1975-built home on Algonquin Avenue in River East presents a specific value proposition. With 1,344 sqft of living space, it sits around the Winnipeg average, but its context is key. On a street of notably larger homes (average 2,179 sqft), this property is more modest in scale and on a smaller lot. This results in an assessed value ($443k) that is below the street average but above the averages for both the neighborhood and the city.
Its primary appeal lies in offering above-average value for the River East area at a price point that undercuts its immediate street. It suits first-time buyers or downsizers seeking an entry into a well-established neighborhood without the premium for a larger family-sized home. The 1975 build date is newer than many city homes, suggesting potentially fewer immediate major updates than an older property. A thoughtful perspective is that the smaller lot and home size could mean lower maintenance costs and utility bills, an advantage for budget-conscious owners. However, buyers should be aware they are purchasing one of the more compact properties on the block.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is. The home’s assessed value ranks above average for both River East and Winnipeg overall, but is below the average for Algonquin Avenue itself. This indicates you may be getting a neighborhood-typical price for a property that is physically smaller than its immediate neighbors.
2. Why is the assessed value below the street average?
The two main factors are the living area, which is significantly smaller than the street average, and the land area, which is the smallest lot among the 37 comparable properties on Algonquin Avenue.
3. What are the sold price histories shown?
The home sold in 2016 for an estimated $350k-$400k and again in 2022 for an estimated $450k-$500k. The site notes these are approximate ranges based on public data, not official MLS records, and exact prices can be requested.
4. How does the year built compare?
Built in 1975, it is actually newer than the average Winnipeg home (1966) and typical for its street and neighborhood. This can be positive, potentially indicating construction methods and materials that are more modern than much of the city's housing stock.
5. Who should consider this property?
It’s well-suited for buyers prioritizing location in River East over sheer size. It represents a practical, lower-maintenance option within the neighborhood. It may not suit those looking for a large yard or who want a home that is above average in size for its immediate street.