Property Overview: 1267 Aikins Street, Winnipeg

Key Characteristics & Appeal

This 672 sqft bungalow, built in 1971, presents a unique value proposition in Winnipeg’s Margaret Park neighbourhood. Its primary appeal lies in a notable contrast: while the living space is modest and below area averages, the property holds an assessed value that is significantly above average for its immediate street. This suggests the value is anchored in the land or the home's condition relative to its older peers on Aikins Street, many of which date back to the 1940s.

The home suits practical buyers looking for an efficient, manageable footprint—ideal for a first-time homeowner, downsizer, or investor. Its 1971 build date is newer than most in the immediate vicinity, potentially meaning fewer major age-related concerns than neighbouring properties. The lot size is standard for the street but smaller than typical lots in wider Margaret Park, indicating a lower-maintenance yard. The most recent sale occurred between 2023 for an estimated $200k-$250k.

A thoughtful perspective for buyers is to see this not just as a small house, but as a relatively modern structure on a street of much older homes, offering a balance between established character and practical upkeep.

Frequently Asked Questions

1. Why is the assessed value high compared to the living area?
The assessed value is calculated on both the building and the land. While the home itself is compact, its value ranks in the top 16% on Aikins Street. This could be due to its more recent construction (1971) compared to the street's average (1940), better condition, or the underlying land value.

2. What does the "below average" living area ranking mean for daily life?
At 672 sqft, the living space is smaller than about 86% of homes in Margaret Park. This indicates a efficient, cozy layout best suited for individuals, couples, or those comfortable with compact living. It likely means lower utility costs and less space to maintain.

3. How can I find out the exact price it sold for in 2023?
The provided sale data is a public range. To obtain the exact sold price, you must request it directly via the email button on the listing page. The service manually provides the figure, typically by the end of the same day, without using your email for marketing.

4. The home is newer than most on the street. What are the implications?
A 1971 build is 30+ years newer than the street's average. This can be an advantage, potentially indicating updated building materials, electrical systems, or plumbing compared to pre-war homes, possibly reducing immediate renovation needs.

5. How does the lot size impact potential for expansion or outdoor space?
With a 3,222 sqft lot, the property has an average-sized yard for Aikins Street but a smaller one compared to the broader neighbourhood. This limits potential for large additions but offers a manageable outdoor space for a patio or garden without excessive upkeep.