1016 Fleet Avenue

Property Overview: 1016 Fleet Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This 1,147 sqft home, built in 1945 on a 4,080 sqft lot in Rockwood, presents a straightforward, value-oriented opportunity. Its core appeal lies in its relative affordability within a mature neighborhood. The home's assessed value of $275k sits notably below average for the street, area, and city, suggesting potential for buyers comfortable with a property that may require updates. The living space is typical for the immediate area, and the lot size is actually above average for Fleet Avenue itself.

This property would suit a first-time buyer, an investor, or a practical homeowner looking for entry into the Rockwood neighborhood without a premium price tag. It's a home that prioritizes location and lot over modern finishes or above-average square footage. A thoughtful perspective is that its "below average" valuation against older comparables might reflect its specific condition or layout, offering a clear value proposition for those willing to invest sweat equity or gradual updates.

Frequently Asked Questions

1. Why is the assessed value below area averages?
While the home's size and lot are in line with the neighborhood, its assessed value is lower than many comparables. This typically reflects factors like the home's specific condition, interior finishes, and layout as evaluated for tax purposes, not necessarily the market price.

2. How does the 2016 sale price relate to today's value?
The home sold for between $200k-$250k in late 2016. This provides a historical benchmark, but current value will be influenced by market changes, any updates made since then, and present condition.

3. Is the lot size a positive feature?
Yes. The 4,080 sqft lot is larger than the average lot on Fleet Avenue (3,553 sqft). This offers more outdoor space than many immediate neighbors, which is a valuable asset.

4. What does the "year built" ranking indicate?
Built in 1945, the home is newer than many on its street but older than many in the wider city. This is characteristic of Rockwood. Buyers should anticipate the maintenance and potential update needs common to houses of this era.

5. How can I verify the exact past sale price?
The displayed sale price is an estimated range from public records. For fully verified and exact transaction history, you must request a manual lookup from the site via email, as MLS data is not published here.