Property Overview: 224 Edison Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of generous living space and established neighborhood character. Its primary strength is its above-average living area of 1,564 sqft, which ranks in the top 6% for the Rossmere-A neighborhood and offers more room than most comparable homes on its street. While built in 1954, making it older than many nearby homes, this often translates to classic construction and mature landscaping. The lot size is slightly more compact than some, but the property holds an assessed value that is competitive and above the local averages.
The appeal lies in its position as a spacious, well-situated home in a stable area. It suits buyers looking for a move-in-ready property with room to grow, who value established communities over brand-new developments. It’s particularly well-matched for those who prioritize interior space over a large yard and appreciate a home that offers solid value within its immediate locale, as evidenced by its strong street and neighborhood rankings for both size and assessed value.
Frequently Asked Questions
1. How does the home’s age impact its value and potential?
Built in 1954, the home is older than many in Rossmere-A. This means potential buyers should pay close attention to the condition of major aging components like the roof, plumbing, and electrical systems during an inspection. However, homes from this era often feature durable construction and larger room proportions.
2. The lot size is noted as below average for the street. How significant is this?
At 5,109 sqft, the lot is smaller than the street average of ~5,943 sqft. This likely means a more manageable yard with less maintenance, but may offer less privacy or space for extensive outdoor additions compared to some neighbors. The trade-off is the notably larger-than-average living area inside.
3. The assessed value is above local averages but around the city average. What does this indicate?
This suggests the property is valued strongly within its own community, reflecting the desirability of Rossmere-A. Its city-wide ranking shows it sits in a moderate value tier for Winnipeg overall, indicating it’s a reasonably priced option for the space offered, without the premium of some newer or centrally located areas.
4. What can recent sale prices tell me?
The home sold in late 2024 for an estimated $350k-$400k. This sale price ranked in the top 22% for its street, showing it achieved a strong price relative to its immediate peers. Comparing this to the 2019 sale price (estimated $300k-$350k) can provide insight into market trends for the property.
5. How can I verify the exact historical sale prices?
Due to industry data rules, exact MLS sale figures are not published on this site. You can request the full, verified transaction history by emailing the site administrators directly for a manual lookup, which they provide without using your contact information for marketing.