Property Overview: 997 Warsaw Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 997 Warsaw Avenue in Rockwood presents a compelling mix of established neighborhood value and above-average substance. Its primary appeal lies in its strong positioning within its immediate context. While the 1,274 sqft living area is close to the city average, the property stands out on its street and in Rockwood for its significantly higher assessed value (ranking in the top 5% and 8%, respectively), suggesting it is perceived as a premium offering in the area. The lot size is also generously above the street average.
Built in 1950, it is a newer home compared to many on Warsaw Avenue, potentially meaning fewer concerns associated with much older construction. The data paints a picture of a well-regarded property in a mature neighborhood, one that likely offers more space and a higher valuation than many of its closest neighbors. This home would suit a buyer looking for a established area with a sense of solidity, who values a property that already holds a strong relative value position on its block. It’s a choice for those who prioritize neighborhood character and lot size over a brand-new build, and who see the assessed value as a marker of long-term stability rather than just a purchase price.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than the street average?
The assessed value of $449k ranks in the elite top 5% for Warsaw Avenue, where the average is $335.2k. This typically reflects a combination of factors like the home's condition, improvements, larger lot size, and its more recent construction year compared to the street's 1931 average.
2. How does the living area compare to nearby homes?
At 1,274 sqft, the living area is above the Rockwood neighborhood average and slightly above the average for Warsaw Avenue itself. It is, however, modestly below the wider Winnipeg average for comparable homes.
3. What does the sold price history indicate?
Public records show the home sold between $400k-$450k in November 2022. This placed it in the top 12-15% of sold prices for the street and neighborhood at that time, consistent with its high assessed value ranking.
4. How can I get the exact historical sold prices?
The provided data is based on public records, not MLS. For fully verified figures and a complete transaction history, you must request a manual lookup via email from the site, as industry rules prevent displaying MLS records directly.
5. Is the lot size typical for the area?
The 4,830 sqft lot is above average for Warsaw Avenue. It is close to the Rockwood neighborhood average but smaller than the typical lot city-wide, which is common for established inner-city neighborhoods.