Property Overview: 562 Edison Avenue, Winnipeg
Key Characteristics & Target Buyer
This home at 562 Edison Avenue in the Rossmere-A neighborhood presents a solid, value-oriented opportunity in Winnipeg. Built in 1960, its 1,137 sqft living area is very close to the neighborhood average, offering practical space without being oversized. The true standout feature is the generous 7,396 sqft lot, which ranks within the top 14% city-wide, providing significant outdoor space that is increasingly rare.
The home’s appeal lies in its established community setting and strong relative value. Its municipal tax assessment of $366,000 is notably above average for both its street and neighborhood, suggesting the property is viewed favorably compared to its immediate peers. Recent sales history indicates stable value. This property would best suit a pragmatic buyer—perhaps a young family seeking room to grow outdoors, or a value-conscious investor looking for a well-located asset with a large lot. It’s a home for someone who prioritizes land size and community stability over a modern, turn-key build, and is prepared for the potential updates that come with a home of this era.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Based on municipal tax assessments, this property is valued higher than most on its street and in Rossmere-A, ranking in the top 18% within the community. This often indicates a well-maintained home or desirable lot relative to its neighbors.
2. Is the lot size a significant advantage?
Yes. The lot is substantially larger than average for the street, neighborhood, and even the city overall. This offers more privacy, yard space, and future potential than many comparable properties.
3. What does the sales history tell us?
Recorded sales in 2017 and 2020 both fell within the $300,000-$350,000 range, showing price stability over that period. For precise historical sale prices, the listing source offers a manual email inquiry service.
4. As a home built in 1960, what should I consider?
While the build year is typical for the area, a buyer should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems, and consider an inspection to evaluate their current condition.
5. Who are the most comparable nearby properties?
Similar homes on the same street (e.g., 577, 582, 585 Edison Ave) share the same build era and similar living space, but this property generally carries a higher assessed value, likely due to its superior lot size and specific attributes.