Property Overview
This 1960-built home at 538 Kingsford Avenue in Winnipeg's Rossmere-A neighborhood presents a straightforward, value-oriented opportunity. With 816 square feet of living space on a 6,046 sqft lot, its key characteristic is its efficiency. The home's assessed value of approximately $314k sits solidly in the average range for both its street and neighborhood, suggesting a stable, established setting.
Its appeal lies in its practicality. The lot size is notably above average for the city, offering good outdoor space relative to the home's footprint—a point for those who value yard space over a large interior. As one of the more recently built homes on its street, it may benefit from slightly newer infrastructure compared to immediate neighbors. This is a home suited for first-time buyers, downsizers, or investors seeking an affordable entry into a mature neighborhood without the premium for size. It’s for someone who sees potential in a manageable layout and values a lower property tax base linked to its modest assessment.
Frequently Asked Questions
1. How does the smaller living area impact value and livability?
While the living space is below area averages, it translates to a lower assessed value and potentially lower property taxes. For the right buyer, this represents an efficient use of space and budget, though it requires a mindful approach to furniture and storage.
2. The home last sold in 2017. Should I be concerned about updates?
The sale was over seven years ago. While the 1960 build date is standard for the area, this timeline suggests a thorough inspection is crucial to understand the current condition of major systems like plumbing, electrical, and the roof, and to identify what updates the previous owner may have undertaken.
3. The lot is larger than many in the neighborhood. Is this an advantage?
Yes. The above-average city lot size provides more private outdoor space and future flexibility (like gardening or expansions, subject to permits) than is typical, which is a distinct asset not reflected in the living area figures.
4. How does the assessed value compare to the likely selling price?
The assessed value ($314k) is for municipal tax purposes. The last known sale was between $250k-$300k in 2017. Market conditions have changed, so the current selling price will be determined by recent comparable sales, condition, and demand. The assessment indicates it's not an outlier, providing a stable benchmark.
5. What is the immediate neighborhood like based on this data?
The data shows consistent, average property values and similar-aged homes on the street and in Rossmere-A. This indicates a stable, established community without extreme highs or lows, which can be appealing for long-term predictability.