Property Overview: 446 Airlies Street, Winnipeg
Key Characteristics & Appeal
This home at 446 Airlies Street is a 760 sqft bungalow built in 1947, situated on a 4,000 sqft lot in the Robertson neighborhood. Its most defining characteristic is its value position. With an assessed value of $182k, it ranks in the top 5% for affordability on its street and in its neighborhood, and top 6% city-wide. This means it is priced significantly below area averages, which are between $269k and $390k.
The appeal lies in its entry-point affordability and lower financial barrier to homeownership. It suits first-time buyers, investors seeking a rental property with a lower initial investment, or downsizers looking to minimize expenses. While its living space and lot size are modest compared to nearby homes, this translates to lower maintenance and utility costs. A thoughtful perspective is that a home well below average in price for a stable area can provide a cushion against market fluctuations and a manageable path to building equity.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and older age compared to neighbors. It indicates a lower property tax bill, which is a recurring cost savings for the owner.
2. What does the sold price range (CA$150k–200k) from 2022 tell us?
It confirms the home transacted within its affordable market segment. To understand current value, you would need to request the exact sold price and compare it to similar recent sales, which we can provide.
3. Who might this property not suit?
Buyers needing significant space, those who prefer a modern home without potential renovation needs common to a 1947 build, or anyone whose primary goal is rapid, high-value appreciation might find it limiting.
4. The lot is smaller than average. Is that a drawback?
It depends on your priorities. A smaller lot means less yard maintenance, which can be a benefit for those seeking simplicity. It may offer less privacy or space for large additions compared to neighboring properties.
5. How can I verify the exact sales history?
The public data shows a price range. For fully verified transaction figures and a complete history, you can request a manual lookup by email. This service provides the precise details not displayed on the site.