Property Overview: 1199 Mountain Avenue, Winnipeg

Key Characteristics & Appeal

This home at 1199 Mountain Avenue in the Mynarski neighbourhood presents a compelling mix of space, value, and relative modernity for its area. Built in 1963, it is a notably newer construction compared to most homes on its street and in the wider neighbourhood, potentially suggesting fewer concerns with aging infrastructure common in century-old homes. With 1,192 square feet of living space, it offers more room than many comparable properties in Mynarski and on Mountain Avenue itself.

The property’s standout feature is its assessed value of $319,000, which ranks in the elite top 5% on its street. This indicates a perceived value and quality that significantly outpaces its immediate neighbours, while still positioning it below the city-wide average for assessed value. Coupled with a 5,000 sqft lot that is above average for the street, it offers a solid footprint. The home last sold between $300,000-$350,000 in mid-2024.

Its appeal lies in offering a well-sized, mid-century home on a good lot in an established neighbourhood, where it stands out as a higher-value property among its closest peers. It would suit a practical buyer looking for a move-in-ready home with more modern foundations than the area’s typical stock, or an investor seeking a property that already demonstrates strong assessed value growth relative to its surroundings.

Frequently Asked Questions

1. What does the "Elite" ranking for Assessed Value on the street mean?
It means this home’s municipal assessed value is among the top 5% of 310 comparable properties on Mountain Avenue. This suggests it is considered a higher-value property on its own street, which could be due to its size, condition, improvements, or the fact it's a newer build than most neighbours.

2. The home is newer than most on the street, but is 1963 considered old?
While 63 years old, it is a mid-century modern build. Context is key: it ranks in the top 1% for year built in Mynarski, meaning it is significantly newer than the vast majority of homes in the neighbourhood, which often date to the early 1900s. This can be an advantage for systems, layout, and maintenance.

3. How does the sold price range relate to the assessed value?
The home sold for an estimated $300,000-$350,000 in May 2024, which aligns closely with its $319,000 assessed value. This suggests the assessment is current and the market price was in a similar range, providing a reliable benchmark.

4. Is the lot size a major feature?
At 5,000 sqft, the lot is above average for Mountain Avenue but fairly typical for the Mynarski area. It provides decent outdoor space but is not exceptionally large by Winnipeg standards. The appeal here is more about the total package—newer home, good living space, and a solid lot—rather than an oversized yard.

5. How can I get the exact sold price?
The exact sold price is not publicly displayed due to data source restrictions. You can request the exact figure by emailing the site via the "Request exact figures by email" button. They will manually look it up and send it to you, typically by the end of the same business day.