Property Overview: 160 Emerson Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 1956-built home in River East presents a practical opportunity centered on its lot and location. At 962 sq ft, the living space is notably below average for both the street and the wider neighborhood, indicating a compact, manageable footprint. The assessed value of $344k sits below local averages but aligns closely with the Winnipeg city-wide benchmark, suggesting a competitively priced entry point into the area.
The primary appeal lies in its generous 6,351 sq ft lot, which is above the city-wide average and offers significant outdoor space relative to the home's size—a rarity in many city neighborhoods. This creates immediate potential for gardening, expansion, or simply enjoying a larger yard. Its appeal is for the pragmatic buyer: a first-time homeowner, downsizer, or investor seeking a lower-maintenance property where value is derived more from the land and location than from the existing structure's size. It suits someone comfortable with a home that may require updates (given its age) but who values the long-term asset of a substantial lot in an established community.
Frequently Asked Questions
1. Is the below-average living area a major concern?
It depends on your needs. The home is compact, which means lower utility costs and less upkeep. For singles, couples, or minimalist buyers, it can be efficient. For growing families, the layout and potential for future expansion (subject to permits) would be key considerations.
2. How does the lot size compare to nearby properties?
The lot is solidly average for Emerson Avenue and River East but ranks above average city-wide. This means you're getting a typically sized yard for the immediate area, which is generally spacious compared to many newer Winnipeg neighborhoods.
3. The home is older than most on the street. What does that imply?
Built in 1956, it is among the older homes on the block. This often means character and mature landscaping, but it also warrants a thorough inspection for the condition of major systems like plumbing, electrical, and the foundation, which may be original or nearing the end of their lifespan.
4. Why is the assessed value below the neighborhood average?
The lower assessment likely reflects the combination of a smaller-than-average living area and the older age of the home. It can represent a value opportunity, as the property's worth is supported more by its land and location than its current structure.
5. Where can I get verified historical sale price data?
The site provides estimated sold price ranges from public data. For fully verified and exact sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.