Property Overview: 83 Rougeau Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling value proposition centered on its generous lot. Built in 1975, the 1,073 sqft house sits on a 6,050 sqft property—a standout feature that ranks in the top 2% for land size on its street. This offers significant outdoor space and potential not commonly found in the Mission Gardens area. While the living area is modest but above average for the immediate street, the assessed value is notably below the area average, suggesting a potential value opportunity.
The appeal lies in this land-to-structure ratio. It suits a practical buyer who values space and possibility over a move-in-ready finish. It could be an ideal match for a first-time homeowner willing to update an older home, a family seeking a large yard, or an investor looking for a property with substantial land in a well-established neighborhood. The data indicates you’re purchasing a larger-than-average piece of the community, which often provides long-term stability and flexibility.
Section 2: Frequently Asked Questions
1. What does the below-average assessed value indicate?
A lower assessment compared to the neighborhood can reflect the home’s older age and modest interior size. It often translates to a relatively lower property tax burden, but it’s essential to view the home in person to understand its current condition and modernization level.
2. How significant is the lot size?
Very. With a lot size ranking in the elite tier for the street, it provides rare outdoor space for gardens, play, or expansion. This is a permanent asset that sets it apart from neighboring properties and can be a key driver of future value.
3. The home is older than most on the street. Should I be concerned?
An older build (1975) requires a diligent inspection of major systems like roof, windows, plumbing, and electrical. However, homes from this era are often built with straightforward layouts and robust materials, offering a solid canvas for updates.
4. How do the past sale price ranges help me?
The sold price ranges from 2016 provide a historical benchmark, showing the property’s price trajectory. For the exact sale price to inform your offer, you can request it via email from the listing service for precise comparison.
5. Is the living space too small?
At 1,073 sqft, it is compact but efficiently larger than many direct neighbors. It likely offers comfortable living for a small household. The trade-off is clear: you are allocating more of your investment to the land itself rather than a large interior footprint.