878 Templeton Avenue

Property Summary

Key Characteristics & Buyer Profile

This is a 1,067 sqft home built in 1986, sitting on a 3,430 sqft lot in the Templeton-Sinclair area of Winnipeg. The assessed value sits at $317,000.

What stands out here is the construction year. At nearly 40 years old, this home is newer than many in its immediate neighbourhood—it places in the top 27% city-wide for age. In older, established parts of Winnipeg, that can mean better insulation, modern electrical, and fewer deferred maintenance surprises than a house from the 1950s or earlier.

The trade-off is space. The living area and lot size both fall below neighbourhood averages. The lot is particularly compact, ranking in the bottom 18% locally. For someone used to a deep backyard or room to expand, this might feel tight. For a buyer who prioritizes a newer shell over square footage, though, it’s a reasonable compromise.

The appeal is practical: a solidly built home in a mature neighbourhood, likely move-in ready or close to it, without the premium price of a brand-new build. The assessed value is noticeably below the local average of $412,000, which suggests either a modest finish level or a realistic market position. It would suit first-time buyers who want something sound but not flashy, or downsizers who don’t need (or want to maintain) a large yard.

Frequently Asked Questions

1. How does the property’s size compare to others nearby?

The home is smaller than most in Templeton-Sinclair. Its 1,067 sqft ranks in the bottom 17% of the neighbourhood, while the average home there is about 1,521 sqft. The lot is also on the small side—3,430 sqft vs. a likely larger average.

2. Is the assessed value a good indication of market price?

Assessed value is used for property tax calculation, not market valuation. That said, at $317,000, it’s significantly below the neighbourhood average assessment of $412,000. This could mean the home has more modest finishes or sits on a less desirable street, but it also signals potential value if the condition is solid.

3. What’s the advantage of a 1986 build compared to older homes in the area?

Homes from the mid-1980s typically have modern framing, updated wiring, and better energy standards than homes from the 1960s or earlier. You’re less likely to encounter knob-and-tube wiring, asbestos, or lead pipes. It also means the roof and mechanicals may have been replaced within a reasonable timeframe.

4. Would this property suit someone looking to renovate or expand?

Probably not. The lot is small and in the bottom tier for its street and neighbourhood. Zoning and setback restrictions are unknown, but a compact lot usually limits extension options. Renovating within the existing footprint would be more realistic than adding on.

5. How does this property perform in the broader Winnipeg market?

It ranks in the bottom third for size (35th percentile) and assessed value (34th percentile) city-wide. That’s not a negative—it simply positions the property as a smaller, more affordable option in a market full of larger, pricier homes. For a buyer looking to keep costs down without buying a fixer-upper, that profile can be a clear advantage.