Property Overview: 275 Emerson Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile within the River East neighborhood. Its primary characteristic is its compact size, with a living area of 840 sqft that places it well below local and city averages. Built in 1959, it is also notably older than most homes on its street. However, this translates into a more accessible price point, with an assessed value of $322k that sits below the neighborhood average. The lot, while smaller than others on Emerson Avenue, is close to the citywide average, offering manageable outdoor space.
The appeal here is one of practicality and opportunity. It suits first-time buyers seeking an entry into the market, investors looking for a rental property, or downsizers wanting a low-maintenance footprint without leaving the area. Its value lies not in grandeur, but in function and location. A thoughtful perspective is that a smaller, older home on a street of larger, newer ones can offer a unique sense of community and established greenery, while the efficient size encourages a simpler, more cost-effective lifestyle with lower utility and maintenance costs.
Frequently Asked Questions
1. Is the smaller living area a major drawback?
It depends on your needs. For individuals, couples, or those looking to minimize space, it’s efficient. For larger families, it would feel cramped. The data clearly shows it’s significantly more compact than surrounding homes.
2. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in early 2017. The current assessed value of $322k is higher, which may reflect market changes or improvements. For precise historical sale figures, you must request a manual lookup from the site.
3. What does the older year of construction (1959) mean for me?
It typically suggests potential for older building materials and systems that may need updating or maintenance. However, homes of this era are often solidly built. A pre-purchase inspection is highly recommended to understand the condition.
4. The lot is smaller than others on the street. Is that a problem?
It means less yard to maintain, which can be a positive for many. It still provides private outdoor space and is near the typical lot size for Winnipeg overall.
5. Why is the citywide ranking for value better than the street ranking?
This indicates that while this home is valued lower than its immediate neighbors on Emerson Avenue, it is closer to the average price of a home across all of Winnipeg. It highlights that this specific street consists of generally higher-valued properties.