Property Overview: 497 Kingsford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 497 Kingsford Avenue is a quintessential Rossmere-A bungalow, built in 1960. Its key characteristic is balance: it presents a solid, no-surprises entry point into the Winnipeg housing market. With 912 sqft of living space, the home is notably compact compared to area averages, suggesting a efficient layout that suits downsizers or first-time buyers. The true standout feature is its 6,048 sqft lot, which is larger than most in the Rossmere-A community, offering valuable outdoor space and potential.
Its appeal lies in its established neighborhood setting and financial predictability. The property’s tax assessment of $333,000 is consistently “near average” at every comparison level—street, community, and city—indicating it is priced squarely within its market segment without premium or discount outliers. This makes its municipal tax obligations relatively stable and easy to forecast. A thoughtful perspective is that this home, while modest in size, sits on a desirable lot in a mature area, meaning its long-term value may be more tied to its land than its current structure. It would best suit practical buyers such as first-time homeowners seeking manageable upkeep, investors looking for a stable rental property, or empty-nesters wanting to rightsize without leaving a well-connected neighborhood.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 912 sqft, the home is below the average for the street, community, and city. It is a compact bungalow ideal for 1-2 people. Buyers should prioritize efficient use of space and consider whether the larger lot compensates for the smaller interior footprint.
2. How does the tax assessment value relate to market price?
The assessed value for taxes ($333,000) is an administrative valuation, not a market price. It is consistently near the median for comparable homes, suggesting the property is not over-assessed relative to its immediate area, which helps in budgeting for annual property taxes.
3. What does the 1960 build year mean for maintenance?
Built in 1960, this home is older than 83% of houses on its street. While it shares an era with many homes in Rossmere-A, prospective buyers should budget for age-related updates. Its systems, roof, and insulation may require inspection to gauge their current condition and remaining lifespan.
4. What are the advantages of the lot size?
The lot of over 6,000 sqft is larger than 70% of lots in Rossmere-A. This provides more private outdoor space than typical, room for gardening, additions like a shed or deck, and possibly future expansion, subject to zoning bylaws.
5. How reliable is the last sale price data shown?
The site indicates a sale between $250,000-$300,000 in late 2017 but notes this is estimated from public data, not the official MLS record. For absolute accuracy, they recommend contacting them directly for a manual search. This is a common data limitation on third-party sites.