Property Overview: 244 Gilmore Avenue, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,185 sqft bungalow, built in 1967 on a 5,303 sqft lot, presents a solid, no-fuss opportunity in Winnipeg's River East neighborhood. Its core appeal lies in its position as a practical and potentially undervalued entry point into a stable area. While its living space is slightly above average for its specific street, the home's assessed value ($327k) sits below both street and neighborhood averages, suggesting room for equity growth. The lot size is smaller than many in the immediate area, which can mean less maintenance—a plus for some buyers.
This property would best suit a first-time homebuyer, a practical downsizer, or an investor looking for a straightforward rental property. It’s for someone who values a grounded, comparative value over flashy features. A thoughtful perspective is that a home slightly "below average" in metrics like year built and lot size for its immediate area often translates to a lower tax assessment and more manageable upkeep, freeing up budget for updates tailored to the new owner's taste. It’s a canvas rather than a finished masterpiece.
Section 2: Frequently Asked Questions
1. Is this house a good value compared to others on the street?
The data suggests it might be. With an assessed value below the street average ($347k) yet offering above-average living area for the street, it presents a potentially favorable value proposition based on these metrics.
2. What does the lot size mean for me?
At 5,303 sqft, the lot is smaller than many neighbors' plots. This typically means less yard maintenance and lower outdoor upkeep costs, but may offer less privacy or space for large additions like a garage or extensive decking.
3. How updated is this 1967 home?
The provided data does not specify renovation history. As the home is older than many on its street, prospective buyers should budget for potential updates to major systems (like roof, plumbing, or wiring) and interior finishes, unless previous upgrades are confirmed.
4. Can I get the exact sale price history?
The site provides sold price ranges (e.g., sold between $300k-$350k in July 2020). To obtain fully verified, exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. How does it rank for livable space in Winnipeg overall?
Its living area (1,185 sqft) ranks around the city-wide median, meaning it offers a very typical amount of space for a Winnipeg home, neither particularly small nor large.