Property Overview: 347 Rougeau Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 347 Rougeau Avenue in Mission Gardens is a practical, no-frills property that represents an accessible entry point into the Winnipeg market. Built in 1976, its 880 sqft living area is modest, ranking below average for both the street and the wider city, making it a compact and manageable space. The assessed value is notably lower than many area and city-wide averages, which is reflected in its recent sold price history. The lot size of 3,009 sqft is also smaller than typical for the neighbourhood.
The primary appeal lies in its affordability and efficiency. It suits first-time buyers, investors, or downsizers seeking a lower-cost home with straightforward maintenance. A thoughtful perspective is that its smaller scale and lower taxes could offer financial flexibility, while its established location provides stability. It’s not a luxury property, but a solid foundational asset for those whose priority is getting into the market rather than finding a spacious or modern home.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 880 sqft, the living space is below the average for Mission Gardens (1,162 sqft) and significantly below the Winnipeg city average (1,342 sqft). It’s a compact, single-story layout.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $28,700 is well below averages due to the home’s smaller size, older age, and the specific valuation metrics for its lot and location. It indicates a more budget-friendly property tax base.
3. What does the sold price history tell us?
The home sold twice recently (2022 and 2024) within the $200k-$250k range. This consistent pricing suggests a stable, lower-tier market value for the property in the current climate.
4. Who would this property suit best?
It’s ideally suited for first-time homebuyers working with a strict budget, investors looking for a rental property with a lower entry cost, or empty-nesters seeking to downsize and reduce living expenses and maintenance.
5. How does the lot size impact potential?
At just over 3,000 sqft, the lot is smaller than many in the area. This limits potential for large additions or extensive landscaping but also means less yard work and lower exterior maintenance costs.