Property Overview: 537 Kingsford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 816 sqft bungalow, built in 1960, presents a practical opportunity in Winnipeg's Rossmere-A neighborhood. Its primary appeal lies in a value proposition centered on land and location rather than interior size. While the living area is notably below average for the street, neighborhood, and city, the property holds an assessed value that is above average for its immediate street and aligns with area norms. This suggests the value is anchored in its generous 6,049 sqft lot—which is larger than most in Rossmere-A—and the stability of a mature, established community.
The home would suit a first-time buyer or downsizer seeking a lower entry point into a stable neighborhood, with the understanding that the smaller interior requires efficient use of space. It could also appeal to a long-term investor or occupant who values the potential of the sizable lot for future expansion, gardening, or outdoor living, viewing the current structure as a solid foundation. This isn't a move-in-ready showcase home; its appeal is pragmatic, targeting those who see utility in the fundamentals of land, location, and a manageable footprint.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 816 sqft, it is significantly cozier than the average Winnipeg home (1,342 sqft). It demands efficient living and may not suit those needing multiple dedicated rooms. However, for one or two people, it can be perfectly adequate and easier to maintain.
2. Why is the assessed value relatively high for a smaller home?
The assessed value reflects more than just interior square footage. Key factors likely include the desirable lot size, which is above the neighborhood average, the home's condition and updates (not detailed in the data), and its position on a street where property values are generally strong.
3. What is the neighborhood like?
Rossmere-A is a mature, post-war neighborhood. The data shows very consistent home ages (mostly early 1960s), indicating a stable, established community with older homes that may have undergone varying degrees of renovation.
4. How does the last sale price compare?
Public data indicates it last sold between $250k-$300k in 2016. The current assessed value of $346k suggests significant market appreciation since then, but for exact historical sale figures, you must request a manual lookup from the site.
5. Are the property taxes likely to be high?
Taxes are based on the assessed value. With an assessment above the street average, the municipal tax bill may be proportionally higher than some neighboring properties, even if their houses are larger. Always budget for taxes based on the official assessed value.