Property Overview: 222 Rossmere Crescent
Key Characteristics & Appeal
This 1952-built, one-storey home in Winnipeg's Kildonan Drive area presents a classic, grounded opportunity. Its primary appeal lies in a significant and above-average land parcel of nearly 9,000 sqft, placing it in the top 15% of the neighbourhood for lot size. This offers substantial outdoor space and potential not found in many comparable properties. The home itself is modest in scale at 990 sqft of living area, which is below average for the street and city, and features a renovated basement and a detached garage.
The property suits practical buyers looking for value in a well-established neighbourhood. It’s ideal for someone who prioritizes land over a large existing footprint—think gardeners, those wanting space for a workshop or future addition, or buyers comfortable with a cozy main floor layout. The assessed value is consistently around the median for the area, suggesting it’s priced without a premium for its smaller size, making the large lot a key value-add. Recent sale data indicates stable market activity.
Frequently Asked Questions
1. How does the smaller living area impact value and livability?
While the 990 sqft living area is below neighbourhood averages, it translates to lower utility costs and less maintenance. The renovated basement effectively adds functional space. The value proposition here shifts from interior square footage to the substantial outdoor space.
2. What does the large land area practically offer?
The nearly 9,000 sqft lot is a standout feature. It provides ample room for landscaping, gardening, recreational space like a large patio or play area, and significant potential for future expansion, subject to zoning and permits.
3. Is the detached garage a benefit or a inconvenience?
This depends on preference. A detached garage offers separation from the house, which can be ideal for a workshop or hobby space without noise or fumes entering the home. The trade-off is dealing with the elements when going between your car and the house during Winnipeg winters.
4. The home was built in 1952. What should I consider?
While the building age is typical for the area, a thorough inspection is essential. Focus on the condition of major systems (roof, wiring, plumbing, foundation) that may be original or have been updated. The renovated basement should be checked for proper permits and moisture management.
5. How does the recent sale price compare to the assessed value?
Public data shows a sale in late 2024 within a range that aligns closely with the current assessed value. This suggests the property is priced in line with recent market activity, providing a stable benchmark for valuation.