Property Overview: 1322 Aikins Street, Winnipeg

Section 1: Key Characteristics & Appeal

This 672 sqft bungalow, built in 1970, sits on a notably generous 3,590 sqft lot in the Margaret Park neighbourhood. Its primary appeal lies in a compelling value proposition: while the living space is modest and below area averages, the property carries an assessed value that is high for its immediate street, suggesting a solid underlying asset. This creates an interesting dynamic—it’s a smaller home on a larger-than-average lot for the block, potentially offering future expansion potential or valuable outdoor space relative to nearby houses.

The property would suit first-time buyers or downsizers looking for an affordable entry into the Winnipeg market, prioritizing lot size over interior square footage. It’s also a candidate for value-conscious investors or renovators who see potential in the land-to-building ratio and are comfortable with a home that requires updates. A thoughtful perspective is that this home represents a "land play" in an established neighbourhood; its value is anchored more in its parcel than its current structure, appealing to those with a longer-term vision.

Section 2: Frequently Asked Questions

1. How does the assessed value compare?
While the home’s assessed value is above average for Aikins Street itself, it falls below the averages for both the broader Margaret Park area and the city overall. This indicates it may be perceived as a higher-value property on its specific block.

2. What is the likely price range based on recent sales?
The last known sale was between 2019 and 2025, in the range of $150k–$200k. For a more precise historical sold price, you can request the exact figure via email from the listing source.

3. Is the house small compared to others?
Yes. At 672 sqft, the living area is below average for the street, the Margaret Park neighbourhood, and Winnipeg city-wide. Buyers should anticipate a compact floor plan.

4. What about the lot size?
The 3,590 sqft lot is above average for Aikins Street but below average for both Margaret Park and the city. This means you get a relatively spacious yard for the immediate area, though not necessarily for the wider region.

5. How old is the home, and what does that mean?
Built in 1970, the home is newer than many on its street but older than the average in Margaret Park. This age suggests potential for older mechanical systems (like plumbing or electrical) that may need attention, but it might also avoid some of the maintenance issues of much older heritage properties.