Here is a clean, standalone summary of 32 Hindley Avenue, structured for direct display on a webpage.
Property Overview: Key Characteristics & Ideal Buyer
This 1922-built home offers 700 square feet of living space on a 3,011 square foot lot. Its appeal is rooted in its affordability and entry-level price point, rather than size or modern finishes.
The property consistently ranks below average across all key metrics—living area, assessed value ($225k), year built, and lot size—when compared to its street (Hindley Avenue), neighbourhood (Worthington), and the city of Winnipeg. The lot, at roughly one-third the size of the street average, is notably compact. The assessed value is significantly lower than the neighbourhood average of $315k and the city average of $390k, reflecting the smaller footprint and older construction.
This home suits buyers who are prioritizing budget over space, such as first-time purchasers, downsizers, or investors seeking a lower-cost entry into a stable area. It may also appeal to those who value a smaller, manageable property and are less concerned with keeping up with neighbourhood averages. The less obvious perspective: in a market where larger homes dominate, a property like this can offer a lower barrier to ownership and potentially lower ongoing maintenance costs, which is a practical trade-off worth considering.
Five Frequently Asked Questions
1. Why does this property rank “below average” in almost every category?
The rankings compare this home to all other “comparable homes” in its street, neighbourhood, and city. With 700 sqft of living space and a 1922 build date, it is smaller and older than the typical home in these groups. The lower assessed value ($225k) directly reflects this smaller size and age relative to its surroundings.
2. How does the lot size affect the property’s value or usability?
At 3,011 sqft, the lot is much smaller than the street average of 9,380 sqft. This limits outdoor space for expansions, large gardens, or multiple vehicles. However, a smaller lot means less yard work and lower land-related costs (e.g., property taxes, snow clearing). It is a good fit for buyers who want minimal outdoor upkeep.
3. Is the assessed value of $225k realistic for a home this size and age?
Yes. The assessment is based on comparable sales and market data for the area. Being below the street average ($318k) and neighbourhood average ($315k) is consistent with the home’s smaller living area and older construction. An appraiser would confirm this, but the data indicates it is priced appropriately for its segment of the market.
4. What does “ranked #157 out of 186 on the street” actually mean for me?
It means that out of 186 similar homes on Hindley Avenue, 156 have more living space, and 29 have less. It does not necessarily mean the home is in poor condition or a bad location—only that it is smaller than most of its neighbours. This can be an advantage for buyers who do not need extra space.
5. Are there any hidden advantages to buying a “below average” property like this one?
Potentially, yes. Lower assessed value typically means lower property taxes. A smaller, older home often has simpler systems and fewer modern features to fail, reducing the risk of expensive repairs in some areas. Additionally, because it is below the median in many metrics, it may be easier to negotiate on price or secure financing if the market slows.