Property Overview: 1026 Warsaw Avenue, Winnipeg
Key Characteristics & Appeal
This 1947 home in Rockwood presents a compelling mix of value and potential. Its key appeal lies in a generous 5,351 sqft lot, which ranks in the top 10-12% for the neighborhood and street, offering significant outdoor space uncommon for the area. While the 914 sqft living area is below local averages, the property's assessed value of $380k sits comfortably above the street and neighborhood averages, suggesting the land and location are primary value drivers. It last sold between $350k-$400k in 2021, a price point that was competitive at the time.
This property suits practical buyers who prioritize land size over interior square footage. It’s ideal for someone comfortable with a cozier, character home who sees value in the potential for expansion, gardening, or outdoor living. The above-average assessment for its immediate area indicates it's viewed as a solid asset within a well-established community, making it a candidate for buyers seeking a stable, long-term hold in a mature neighborhood.
Frequently Asked Questions
1. Is the house too small?
At 914 sqft, the living space is below the average for both Warsaw Avenue and the Rockwood area. It would best suit individuals, couples, or small families comfortable with efficient living, or those with plans to potentially expand in the future.
2. Why is the assessed value higher than the neighborhood average?
The assessed value of $380k ranks in the top 22-25% for Rockwood. This is likely due to its significantly larger-than-average lot size, which is a major factor in property valuation, along with the home's condition and specific location on the street.
3. How does the lot size compare?
The lot is a standout feature. At 5,351 sqft, it is substantially larger than the typical lot on Warsaw Avenue (~3,968 sqft) and in Rockwood (~4,473 sqft), offering more privacy and space than most neighboring properties.
4. What can the 2021 sale price tell me?
The home sold for an estimated $350k-$400k in August 2021. This placed it in the top 20-25% of sale prices for the street and area at that time, confirming that its market value has historically been strong relative to its immediate peers.
5. How can I get the exact historical sale prices?
The provided data is based on public records, not the MLS. For fully verified, exact sale figures and a complete transaction history, you must request a manual lookup from the site via email, as per the disclaimer on the listing details.