Property Overview: 345 Templeton Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct profile within the Margaret Park neighbourhood. Its key characteristic is its compact, efficient size at 896 sqft, which is notably smaller than most homes on its street and in the wider area. Built in 1952, it is one of the older homes in the vicinity. The assessed value of $280k is below average for the city but aligns more closely with the middle range for Margaret Park itself. The lot size of just under 5,000 sqft is typical for the local area.

The appeal lies in its position as a potentially more accessible entry point into a established neighbourhood. It suits buyers seeking a lower-maintenance property without a sprawling footprint, such as first-time homeowners, downsizers, or investors looking for a character rental. A thoughtful perspective is that while the home itself is modest in scale, it sits on a standard-sized lot, offering a balance of manageable indoor space with outdoor potential. Its value proposition is grounded in location rather than size, offering the community benefits of Margaret Park at a price point that reflects the home's simpler scale and vintage.

Section 2: Frequently Asked Questions

1. Is this a "fixer-upper" due to its age?
While built in 1952, the assessed value is stable and the home was sold relatively recently (2021). Its condition isn't specified by the data, so a viewing is essential to determine if it's move-in ready or requires updates.

2. Why is the living area so much smaller than neighbours?
The data confirms this is a compact home. It ranks in the bottom 8% for size on Templeton Avenue. This isn't an error but a defining feature, contributing to its pricing and appealing to those seeking efficient living.

3. How does the assessed value compare to recent sale prices?
The home last sold for an estimated $250k-$300k in 2021, and is now assessed at $280k. This suggests the assessment is in line with its recent market activity, not an outlier.

4. What does the "average" lot size mean for me?
At 4,995 sqft, the lot is neither unusually large nor small for Margaret Park. It provides standard outdoor space for the area, which could be a garden, patio, or parking, without the burden of an excessively large yard.

5. Who determines these rankings and are they reliable?
The rankings are a statistical comparison using public data, showing how this property metrics compare to specific groups (its street, neighbourhood, city). They are a useful tool for objective comparison, but don't capture subjective qualities like layout, updates, or curb appeal.