Property Overview: 283 Emerson Avenue, Winnipeg
Key Characteristics & Appeal
This 1,356 sqft home, built in 1994, stands out on its street for its modern age and strong assessed value. Its key appeal lies in being a notably newer and financially elite property within its immediate surroundings. On Emerson Avenue, it ranks in the top 5% for assessed value ($459k vs. a street average of $383k) and top 1% for year built, meaning it likely requires less immediate updating than most neighbors. The living area is comfortably above the street average.
The lot size is smaller than others on the street, which could mean less yard maintenance—an appealing trade-off for some. This property would suit buyers looking for a move-in-ready home in a mature neighborhood who value modern construction and strong valuation metrics over a large yard. It’s a solid choice for those seeking a home that stands above its direct peers in key financial and structural categories.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The home last sold between $350k-$400k in late 2017. Its current assessed value of $459k is significantly above that range and ranks highly for the area, suggesting substantial appreciation or improvements.
2. Is the lot size a disadvantage?
At 6,101 sqft, the lot is below average for Emerson Avenue but is still above the citywide average. This typically translates to less outdoor maintenance, but may offer less privacy or space for expansions like a large deck or pool compared to neighbors.
3. What does the "Elite" year-built ranking mean practically?
Built in 1994, this home is among the newest 1% on its street and 3% in River East. Practically, this suggests major systems (roof, wiring, plumbing) are likely more recent and may align better with contemporary layouts and energy efficiency standards than older area homes.
4. Are the assessed value rankings a reliable indicator?
The "Elite" street ranking indicates the municipal assessment is substantially higher than most comparable homes on the block. This can be a marker of desirability and condition, but it also directly impacts property tax calculations.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for context. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.