Property Overview & Key Characteristics
This 1,088 sqft bungalow at 357 Rougeau Avenue, built in 1977, presents a specific value proposition within Winnipeg’s Mission Gardens neighborhood. Its primary appeal lies in its efficient use of space; the living area is notably above average for Rougeau Avenue itself, suggesting a well-utilized floor plan on a modest 2,722 sqft lot. This creates a lower-maintenance yard while still offering comfortable interior space. The home’s assessed value is consistently below average across all comparison levels, indicating a potentially lower property tax burden and an accessible entry point into the market.
The property would suit first-time buyers or downsizers seeking a practical, no-fuss home in an established area without a large yard to maintain. It’s also a candidate for buyers focused on interior livability over land size, or those viewing the below-average assessment as a foundation for future value increases through updates. A thoughtful perspective is that this home represents the "missing middle" in lot size—smaller than typical suburban plots but offering a private outdoor space absent in condos, appealing to those transitioning from either.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. A lower assessment often translates to lower annual property taxes, which is a permanent cost saving. It typically reflects the home’s age, lot size, and current condition rather than the potential market selling price, which is influenced by broader market forces.
2. How does the smaller lot size impact daily living?
It offers significantly reduced yard work and maintenance, which is a benefit for those seeking a simpler lifestyle. However, it may limit possibilities for large additions, pools, or extensive landscaping compared to neighbors with larger plots.
3. The home sold recently in 2024. What does that indicate?
The sale within the past year suggests the market price is relatively current. Reviewing the sold price range (CA$250k–300k) against its assessed value can provide insight into how the market values the property versus the city’s tax valuation.
4. What does the "above average" living area ranking on its street mean?
It means that for Rougeau Avenue, this home offers more interior space than most comparable properties. This is a key advantage, suggesting you get more house for the street, even if the lot is compact.
5. How can I find out the exact historical sold prices?
The exact sold prices are not published in the public data. As noted on the listing, you can request the precise sale history by emailing the provided service, which manually retrieves and shares that information.