Property Overview & Key Characteristics
This home at 431 Rougeau Avenue in Winnipeg's Mission Gardens neighbourhood stands out for its modern build and generous space relative to its immediate area. Built in 2006, it is notably newer than most homes on its street and in the wider community. With 1,221 square feet of living area, it offers above-average interior space for the local market. The assessed value is significantly higher than that of neighbouring properties, indicating its premium standing on the street.
The appeal lies in acquiring a relatively modern property in an established area, potentially requiring less immediate upkeep than older homes. It suits buyers looking for move-in-ready convenience without sacrificing interior space, and who value a home that is a standout investment on its block. A thoughtful perspective is that while the lot size is smaller than the city average, this often translates to less exterior maintenance, which can be a benefit for some lifestyles.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbours?
The assessment reflects the home's newer construction year (2006) and larger living area compared to most homes on the street, which are older and smaller on average.
2. How does the lot size compare?
The 4,120 sqft lot is typical for Rougeau Avenue but is below the average lot size for both the Mission Gardens area and the city overall. This is common for newer infill properties in established neighbourhoods.
3. What does the sale history indicate?
The home sold in the $450k-$500k range in 2022. This placed it in the top tier of sales for the street and area at that time, consistent with its high assessed value.
4. Is the living space efficient for the lot size?
Yes. The home offers substantial living area on a standard-sized lot for the street, suggesting a efficient use of the property without being overly crowded.
5. Who would this property not suit?
It may not be ideal for buyers seeking a very large yard or a home that is below the area's average price point. Its premium positioning is for its modernity and space, not for a bargain purchase price.