Property Overview: 1128 Lansdowne Avenue, Winnipeg

Key Characteristics & Appeal

This 816 sqft bungalow, built in 1958, sits on a standard 4,406 sqft lot in the Mynarski neighbourhood. Its key appeal lies in its relative value and efficient footprint. While the living space is notably compact compared to most homes on its street and across Winnipeg, this is reflected in its assessed value of $282,000, which is quite competitive for the city. Interestingly, for its street, the home’s value ranks above average (top 34%), suggesting it may be priced more accessibly than many neighbouring properties.

The home represents a practical entry point into the market. It would suit first-time buyers, downsizers, or investors seeking a lower-maintenance property with a manageable yard. Its newer construction date (relative to many homes on the block) could imply fewer immediate concerns with aging infrastructure. The data indicates you are paying primarily for the land and location within a well-established area, rather than for extensive interior space.

Frequently Asked Questions

1. Is the house unusually small?
Yes. At 816 sqft, the living area is significantly below the average for similar homes on Lansdowne Avenue (~1,124 sqft) and across Winnipeg (~1,342 sqft). This indicates a compact, efficient layout.

2. Why is the assessed value higher than the last sold price?
The home sold for an estimated $200k-$250k in April 2022. The current $282k assessment reflects the municipal valuation for tax purposes, which can differ from market value and has likely been updated since the last sale during a period of market change.

3. What does the "newer" year built ranking mean?
Built in 1958, this home is newer than about 92% of homes on its street, where the average year built is 1935. This can be an advantage, potentially meaning updates to core systems like electrical or plumbing have already been incorporated over the years.

4. How does the value compare to the neighbourhood?
The assessed value is below the Mynarski neighbourhood average (~$307.8k). This suggests the property could offer more affordable access to the area compared to other local options.

5. Where can I get verified sale history?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service; you can submit a request via email to receive the precise transaction history directly.