Property Overview: 268 Gilmore Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River East home presents a solid value proposition centered on space and land. Built in 1971, the 1,297 sqft residence sits on a notably generous 6,864 sqft lot, which ranks in the top 11% on its own street and top 18% city-wide. This above-average outdoor space is a key asset, offering room for gardening, play, or expansion. The living area is also comfortably above the street average, providing ample room for a growing family or those who value spaciousness.
The appeal lies in its strong positional value within the immediate area. While the home itself is of a typical age for the neighborhood, its assessed value ranks in the top 10% on Gilmore Avenue, suggesting it is viewed favorably compared to its direct peers. This indicates a property that likely maintains or exceeds local standards. The recent sale price (falling within the CA$450k–500k range) placed it in the top 5% for the street, reflecting strong market recognition for what it offers.
This property would best suit practical buyers looking for a established family home in a mature neighborhood, where the lot size is a premium feature. It’s ideal for those who prioritize indoor and outdoor space over a newer build, and for owners who see value in a home that already performs well against its closest comparables.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $378k is above the street average ($347k) and ranks in the top 10% on Gilmore Avenue. Compared to the wider River East area and Winnipeg, its value is around the average, indicating its strongest value proposition is within its immediate locale.
2. Is the lot size a significant feature?
Yes. At 6,864 sqft, the lot is significantly larger than the street average (5,930 sqft) and ranks well above average city-wide. This is one of the property’s standout characteristics.
3. The home was built in 1971. Is that a concern?
The build date is typical for the street and neighborhood. While it ranks as slightly older than many area homes, it is around the city-wide average. This suggests potential for updates, and buyers should factor in a thorough inspection common for homes of this era.
4. Where can I find the exact sold price from 2023?
The provided data shows a sold price range of CA$450k–500k. Due to data source restrictions, exact sold prices are not displayed publicly on the site. You can request the exact figure via email from the provider for a manual lookup.
5. How does the living space compare?
At 1,297 sqft, the living area is above the average for Gilmore Avenue (1,136 sqft) and is competitive with city-wide averages. It offers more space than many direct neighbors, which is reflected in its above-street-average valuation.