Property Overview: 741 Machray Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 952 sqft home, built in 1948 on a 4,520 sqft lot, presents a compelling value proposition in Winnipeg's Robertson neighborhood. Its appeal is rooted in its strong positioning within its immediate context. While the living area is modest compared to city-wide averages, the property's assessed value of $307k is notably above average for both its street and neighborhood, suggesting it is a well-regarded asset in its local market. This indicates a home that may offer more updates, better condition, or a more desirable location on the block than its immediate peers.
The property would suit first-time buyers or downsizers seeking an established, character home in a neighborhood with mature infrastructure. It’s also a practical option for value-focused investors or homeowners who prioritize lot size and location over sheer interior space. A thoughtful perspective is that this home represents a "middle ground" investment—it's not the largest or newest, but its above-average valuation for the area hints at a perceived stability and desirability that doesn't always show up in raw square footage figures.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 952 sqft, the home is smaller than the Winnipeg average but is quite typical for the Robertson neighborhood. This efficient size can mean lower utility costs and less maintenance, appealing to those seeking a cozy, manageable space.
2. Why is the assessed value higher than the neighborhood average?
An assessed value above the local average often reflects factors like recent updates, superior condition, a favorable lot layout, or a premium location within the area. It suggests the property is considered a stronger-than-average asset in its specific market.
3. What does the sale history indicate?
Records show it last sold between $250k-$300k in early 2021. The current assessed value of $307k is consistent with market appreciation in that period. For exact historical sale prices, a manual lookup through the site is required.
4. How does the lot size compare?
The lot is just under average for the street but slightly above average for the Robertson neighborhood. It provides a decent outdoor space typical for the area, without being overly burdensome to maintain.
5. What are the implications of the 1948 build date?
Built in 1948, the home is newer than many on its street. This can be an advantage, potentially meaning fewer issues associated with very old construction, but it still warrants a thorough inspection for aging components like plumbing, electrical, and the roof.