Property Overview: 405 Cairnsmore Street, Winnipeg
Key Characteristics & Appeal
This home is a 1,027 sqft character property built in 1926, situated on a 3,000 sqft lot in the Robertson neighbourhood. Its primary appeal lies in its strong positioning within its immediate community. While its size and age are below Winnipeg averages, it stands out on its own street: the living area is larger than most neighbours' (ranking in the top 20%), and its assessed value is directly in line with the street's average. This suggests it's a well-sized, fairly valued home for this specific, established block.
The data indicates a property for buyers who prioritize location and community character over sheer size or new construction. It would suit a first-time buyer or downsizer looking for an affordable entry into a mature neighbourhood, or an investor seeking a stable rental property in a area with consistent, modest valuations. A thoughtful perspective is that this home represents the "bones" of its street—it's not an outlier in price or scale, offering a sense of fitting in without overpaying for the privilege. Its recent sale history shows a significant increase in value between 2023 and 2024, pointing to active interest and potential in this specific micro-market.
Frequently Asked Questions
1. How does this home really compare to others nearby?
On its own street, it's above average in size and average in value. Compared to the wider Robertson neighbourhood and Winnipeg overall, it's a smaller, older home on a smaller lot, which is reflected in its below-average assessed value for those larger areas.
2. What does the sold price history indicate?
The home sold twice recently: between $100k-$150k in early 2023, and between $200k-$250k in mid-2024. This indicates a sharp increase in market value over that period. For exact sold prices, you must request them via email from the site.
3. Is the assessed value the same as the market value?
Not necessarily. The assessed value for this home is $217k, used for property tax calculation. The recent sold price range suggests the market value may be closer to, or within, the $200k-$250k band.
4. Why should I consider an older, smaller home like this?
This property offers affordability and a established neighbourhood feel. Its value is concentrated in its location on a street where it compares favourably, rather than in extensive square footage or a large lot, which can mean lower utility costs and less maintenance.
5. How can I get verified information on exact past sale prices?
Due to industry rules, exact MLS sale figures aren't published here. The site offers a service to manually look up and email you the precise transaction history at no cost, typically by the end of the same business day.