Property Overview: 1151 Polson Avenue, Winnipeg

Key Characteristics & Appeal

This 1,059 sqft bungalow, built in 1957, sits on a notably generous 4,873 sqft lot in the Mynarski neighbourhood. The home’s primary appeal lies in its strong positional value within its immediate context. While its living space is typical for the area, the property stands out for its assessed value of $350,000, which ranks in the top 3% on its street and top 7% in Mynarski. This suggests a perception of above-average value for the location, potentially due to the larger lot size, specific condition, or improvements. The lot itself is over 20% larger than the street average, offering valuable outdoor space and future potential in a city where newer lots are often smaller.

This home would suit a practical buyer looking for a solid entry point into the market with a footprint that allows for room to grow, either indoors or out. It’s a property that appears to be a strong performer within its local community rather than the city at large, making it ideal for someone committed to the neighbourhood. It could also appeal to an investor or homeowner who sees value in the disconnect between its "around average" citywide metrics and its "elite" standing on its own street, indicating a chance to own a top-tier property on a block-by-block basis.

Frequently Asked Questions

1. Why is the assessed value so high compared to other homes on the street?
The assessment ranks in the top 3% on Polson Avenue, significantly above the street average. This typically reflects factors like the larger lot size, recent updates, overall condition, or specific features that the municipal assessor has determined add substantial market value relative to immediate neighbours.

2. How does the lot size compare, and why does it matter?
At 4,873 sqft, the lot is well above the street average. This provides more private outdoor space, better potential for additions, landscaping, or parking, and can be a key differentiator for future resale in an older neighbourhood where lot sizes can vary greatly.

3. What does the sold price history indicate?
The home sold between $250,000-$300,000 in mid-2016. The current assessed value of $350,000 is higher, reflecting market changes and the assessed valuation process over the last nine years. For the most accurate and recent sale figures, you can request a manual lookup from the site.

4. Is the living area sufficient for a family?
At just over 1,050 sqft, the living area is very close to the neighbourhood average. It represents a classic bungalow layout suitable for a small family, a couple, or a first-time buyer. The generous lot does offer potential for an expansion if more space is needed in the future.

5. How does this property fit within the wider Winnipeg market?
Citywide, this home is around average for assessed value and below average for lot size. Its standout metrics are primarily local. This highlights a key buying perspective: it represents a premium property on its street and in its neighbourhood, but not necessarily city-wide, which can be an opportunity for value-focused buyers.