Property Overview: 1028 Dudley Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,148 sqft home, built in 1945, presents a practical opportunity in Winnipeg's Rockwood neighborhood. Its primary appeal lies in its value positioning. The home's assessed value of $272k is notably below averages for the street, area, and city, suggesting a potentially accessible entry point. The living space is above average for Dudley Avenue itself, meaning it offers more room than many immediate neighbors, while the lot size is consistent with the local streetscape.
The property suits value-conscious buyers, such as first-time homeowners or investors, who prioritize square footage and location over a modern or recently built home. It represents a classic Winnipeg scenario: an older, character home where the value is in the land and the existing structure, with the understanding that updates may be part of the long-term plan. A thoughtful perspective is that its "below average" assessment could indicate room for value growth through thoughtful improvements, making it a canvas for a buyer looking to add equity over time.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a red flag?
Not necessarily. It primarily indicates the city's valuation for tax purposes is lower than many comparable homes. This can mean lower property taxes, but it's essential to understand why—through a viewing and inspection—to ensure it's not related to a specific condition issue.
2. How does the living area compare to nearby homes?
The home is actually more spacious than many on its own street, ranking in the top 23%. This is a relative strength, offering more interior space than the typical home on Dudley Avenue.
3. What can the 2020 sale price range tell me?
The home sold for an estimated $200k-$250k in late 2020. This provides a recent benchmark, but market conditions have shifted since then. The current assessed value of $272k offers another data point, though the true market value will be determined by current demand, condition, and recent comparable sales.
4. What is the typical home like in this immediate area?
Based on the data, Dudley Avenue is a street of primarily older homes (average year built 1947) with modest lot sizes. This property is very representative of the street's age and lot size but offers more living space and has a lower assessed value than the street average.
5. How can I get the exact historical sale prices?
The site notes that due to industry rules, exact MLS sale records are not displayed. They offer a manual lookup service where you can request the exact figures via email, which they will provide without using your email for marketing.