Property Overview: 478 Edison Avenue, Winnipeg
Key Characteristics & Appeal
This home at 478 Edison Avenue in Rossmere-A presents a solid, middle-of-the-road opportunity in the Winnipeg market. Built in 1960, its 1,040 sqft living space and $325k assessed value are consistently "around average" when compared to the street, neighborhood, and city. This reliability is its core characteristic—it’s a property that aligns closely with local norms, suggesting stability and less risk of overpaying relative to the area.
Its appeal lies in this balance and in a few specific advantages. The lot size of 6,048 sqft is notably above average for the Rossmere-A neighborhood, offering more outdoor space than many nearby properties. Furthermore, for its street, the home's 1960 build date is in the top 25%, indicating it is among the newer homes on the block, which can be a positive for systems and structure.
This property would suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a established neighborhood character over standout features. It’s for someone seeking a straightforward home without extreme highs or lows, where the above-average yard provides a tangible benefit for gardening, play, or simple privacy.
Frequently Asked Questions
1. Is this home priced fairly compared to its neighbors?
Based on the assessed value data, the home is ranked very close to the median for both its street and the wider Rossmere-A area. This suggests its valuation is in line with the local market, neither significantly underpriced nor overpriced relative to comparable properties.
2. How does the lot size compare?
The land area is a standout feature. At over 6,000 sqft, it is larger than approximately 70% of lots in the Rossmere-A neighborhood, offering more usable outdoor space than typical.
3. What should I know about the home's age?
Built in 1960, the home is of a common vintage for the area. Notably, it is newer than about 75% of similar homes on Edison Avenue itself. Buyers should still budget for potential updates common to homes of this era, such as windows, roofing, or mechanical systems.
4. Where can I find verified past sale prices?
The listing indicates the home sold in February 2017 for an estimated $250k-$300k. The site notes that exact sale figures are not displayed publicly due to industry rules, but they offer a manual lookup service to provide verified transaction history via email upon request.
5. How does the living space feel for the area?
At 1,040 sqft, the living area is slightly below the street average but very close to the neighborhood average. It represents a moderately sized home for Rossmere-A, suitable for a small family or couple, and is efficiently sized relative to its above-average lot.