Property Overview
This home at 555 Edison Avenue in Winnipeg's Rossmere-A neighborhood presents a solid, middle-of-the-road opportunity in the city's housing market. Built in 1960, its key metrics consistently rank as "around average" when compared to its immediate street, wider neighborhood, and the city overall. With 1,061 sqft of living space on a 5,247 sqft lot and a current assessed value of $317k, it doesn't stand out for size or premium valuation, but rather for its stability and alignment with well-established local norms.
The appeal here is one of predictability and value. The home is situated on a street where many houses share its 1960 construction date, suggesting a mature, settled streetscape. Its assessed value is notably below the Winnipeg city average for comparable homes ($390.1k), which could indicate a more accessible entry point into the market. The property last sold for an estimated $200k–$250k in late 2016, hinting at significant equity growth for the long-term owner. This home would suit a pragmatic first-time buyer or an investor looking for a straightforward property in a stable, non-volatile area. It’s for someone who prioritizes neighborhood consistency over standout features, and who sees value in a home that mirrors the reliable character of its surroundings.
Frequently Asked Questions
How does this home’s value compare to its neighbors?
The assessed value of $317k is slightly below the immediate street average ($339k) and the Rossmere-A neighborhood average ($329.8k). This positions it as a potentially more affordable option on its own block.
Is the lot size a pro or a con?
At 5,247 sqft, the lot is smaller than most on its street and in the city overall. This could mean less yard maintenance, but may limit expansion possibilities compared to properties with larger lots.
What does the 1960 build date imply?
Built in 1960, this home is actually slightly newer than the average house on Edison Avenue. This suggests it may be among the more updated homes on the block, though a specific inspection is needed to confirm the condition of major aging components like roof, windows, and plumbing.
How stable is the pricing in this area?
The home’s value metrics are consistently "around average" at every comparison level (street, neighborhood, city). This indicates a market with steady, predictable values rather than rapid appreciation or decline.
Where can I see more detailed context for this property?
You can open a dedicated neighbourhood analysis page to view this home on a map alongside nearby houses, directly comparing year built, living area, assessed value, and lot size.