Property Overview: 498 Radford Street, Winnipeg
Key Characteristics & Appeal
This 752 sqft bungalow, built in 1951, sits on a standard 4,107 sqft lot in the Robertson neighborhood. Its primary appeal lies in its position as a modest, lower-priced entry point into the Winnipeg market. The home is notably smaller than most in the city, ranking in the bottom 6% for living area, which is reflected in its below-average assessed value of $225k. This creates an opportunity for first-time buyers, investors, or downsizers seeking minimal upkeep and a lower tax burden.
A thoughtful perspective is that while the house is compact, it is actually newer than most on its own street (ranking in the top 8%), suggesting it may have benefited from slightly later construction standards. The lot size is typical for the immediate area, offering balanced outdoor space without excessive maintenance. This property would suit practical buyers who prioritize financial accessibility over space, and who see potential in a home that serves as a straightforward foundation. Its value proposition is clear: functionality and affordability in a well-established neighborhood.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $225k is for municipal tax purposes. Market value is determined by what a buyer is willing to pay, which can be higher or lower. The home last sold for an estimated $200k-$250k in 2021.
2. How does the small living area compare practically?
At 752 sqft, the home is significantly cozier than the Winnipeg average (~1,342 sqft). It likely offers efficient, basic living spaces suitable for one or two people, but may feel cramped for a family or those needing a home office.
3. What does the "below average" ranking for value actually mean?
It means the home’s assessed value is lower than most comparable properties in its scope. On its own street, it ranks 59th out of 63 homes for value, indicating it’s one of the most affordable properties on the block.
4. Can I get the exact historical sale price?
The site provides sold price ranges unless you are signed in. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. What are the potential upsides of a house built in 1951?
While not new, it is newer than many neighboring homes. Homes from this era often feature simpler, robust construction and straightforward layouts that are easier to renovate or update incrementally compared to much older properties.