1044 Warsaw Avenue

Property Overview: 1044 Warsaw Avenue, Winnipeg

Key Characteristics & Appeal

This 672 sqft home, built in 1947, presents a compact and efficient living space on a notably generous 4,500 sqft lot in Rockwood. Its assessed value of $330k aligns closely with the averages for both its street and neighborhood, suggesting a stable, mid-range investment without a significant premium. The primary appeal lies in its land-to-building ratio: the lot size is above average for the street, offering valuable outdoor space and potential that is uncommon for homes of this size. While the living area is significantly below local and city averages, this positions the property as an affordable entry point into the market. It would suit first-time buyers, downsizers, or investors seeking a lower-maintenance property with a solid lot, where value may be found more in the land than the existing structure. A thoughtful perspective is that its "below average" size, when paired with an "around average" valuation, indicates you are paying predominantly for location and land—making it a strategic buy for those who value future potential or outdoor space over immediate square footage.

Frequently Asked Questions

1. How does the home's smaller size impact its value?
The living area is well below neighborhood and city averages, which is reflected in its accessible price point for the area. The value is supported more by its desirable lot size and location than by its interior space.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $330k is very close to the current street and neighborhood averages, providing a solid benchmark. However, market conditions and the property's specific condition will ultimately determine the sale price.

3. What does the lot size offer for a home of this size?
At 4,500 sqft, the lot is larger than most on Warsaw Avenue. This provides ample yard space for gardening, recreation, or future expansion, which is a key asset not fully captured by the living area alone.

4. Are recent sold prices available for this specific address?
Yes, the property last sold between $250k-$300k in August 2017. For fully verified and exact historical sold prices, you can request that information directly via email.

5. How does this home compare to others nearby?
It is among the more compact homes on the street but sits on a larger-than-typical lot. Compared to immediate neighbors, its assessed value is mid-range, offering a balance of affordability and land value without the premium of a significantly larger house.