Property Overview: 122 St. Anne's Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,039 sqft bungalow, built in 1952 on a 5,389 sqft lot, presents a solid, middle-of-the-road offering with specific competitive strengths. Its primary appeal lies in its value positioning within the desirable Varennes neighborhood. While the living area is modest compared to the immediate street, the property shines in its local context: it boasts an above-average assessed value and a larger-than-typical lot for the Varennes area, ranking in the top 25% and top 14% respectively among neighborhood peers. This suggests a well-regarded location within the community.
The home suits practical buyers looking for a foothold in a established neighborhood without a premium price tag. It’s ideal for a first-time homeowner, a downsizer, or an investor seeking a manageable property with proven stability. The data indicates you’re purchasing a lot and location that outperform many nearby homes, paired with a house that may require updates reflective of its era. It’s a property where the land and neighborhood prestige are significant drivers of value, appealing to those who see potential in the underlying assets.
Section 2: Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. The living area is below the street average. However, it is very close to the neighborhood average, indicating the street has some larger homes, but this size is typical for wider Varennes.
2. Why is the assessed value high for the neighborhood?
Ranking in the top 25% locally, this suggests the property is assessed favorably due to factors like its larger lot size, specific location on the street, or improvements. It’s a sign the municipal assessment sees strong inherent value here.
3. What does the lot size mean for me?
At over 5,300 sqft, the lot is notably larger than the typical Varennes property. This offers more outdoor space, potential for gardening, expansion, or simply greater privacy and distance from neighbors.
4. Should I be concerned about the 1952 build date?
It’s older than most on its street but typical for the city. This age implies potential for character but also means the roof, windows, plumbing, and electrical systems should be carefully inspected for updates and condition.
5. How does this property’s value hold up in Winnipeg?
Citywide, its assessed value and size are both firmly around average. This indicates it’s not an outlier but a standard Winnipeg home, with its prime advantage being its above-average standing within the more specific and sought-after Varennes area.