Property Overview: 1021 Warsaw Avenue, Winnipeg
Key Characteristics & Appeal
This 1947 home in Rockwood presents a specific value proposition centered on its land and location. At 768 sqft, the living space is notably compact, ranking below average for the street, neighborhood, and city. This makes the home itself a straightforward, manageable footprint. The assessed value of approximately $327k is consistently around the average for its immediate area, suggesting a fair market positioning.
The primary appeal lies in its generous 5,075 sqft lot, which is above average for both Warsaw Avenue and the Rockwood neighborhood. This offers significant outdoor space and potential not found in many similarly priced properties. The home suits first-time buyers or downsizers seeking an affordable entry into the market with a focus on land over square footage. It’s a practical choice for those comfortable with a smaller, classic home layout who value the possibility for future expansion, gardening, or outdoor living. A thoughtful perspective is that its smaller interior can mean lower utility costs and less maintenance, aligning with a simpler, more efficient lifestyle.
Frequently Asked Questions
1. Is the house too small?
At 768 sqft, the living area is compact. It would suit individuals, couples, or small families comfortable with efficient use of space. The trade-off is the larger-than-average lot, which provides room to potentially expand or enjoy substantial outdoor space.
2. How does the assessed value compare to recent sale prices?
The home sold twice in recent years: between $300k-$350k in mid-2021 and between $350k-$400k in late 2022. The current assessed value of ~$327k sits within that range, indicating stability. For exact historical sale figures, a manual lookup via the site is required.
3. What does the lot size actually offer?
The 5,075 sqft lot is a standout feature, ranking in the top 15% in Rockwood. It provides ample yard space for recreation, gardening, or future projects like a shed, deck, or even an addition, subject to zoning approvals.
4. How does this home compare to others on the street?
It has a smaller living area than the street average (1,167 sqft) but sits on a larger parcel of land. Its assessed value and year built are both around the street's average, making it a typical home in terms of cost and age, but with an atypical amount of land.
5. What is the neighborhood context?
In Rockwood, this home’s living area is below the neighborhood average (~1,076 sqft), but its lot size is above average. This pattern is consistent, highlighting a area where lot sizes can vary, offering opportunities for buyers who prioritize outdoor space.