Property Overview
This home at 562 Mark Pearce Avenue in Winnipeg's Rossmere-A neighborhood presents a solid, established property with clear value within its immediate area. Built in 1960, it features 1,036 sqft of living space on a 6,047 sqft lot. The appeal lies in its strong positional value: while its size is average for the city, its assessed value of $358k ranks well above average for its specific street and neighborhood. This suggests a property that holds its own and may offer more intrinsic value relative to its local peers. It would suit practical buyers looking for a stable home in a mature neighborhood, who prioritize lot size and value retention over modern square footage. A thoughtful perspective is that this home represents the "steady middle" of the market—not the newest or largest, but a reliable asset that consistently performs well in its direct community context.
Frequently Asked Questions
What does the assessed value ranking actually mean?
The $358k assessment is ranked in the top 17% on its street and top 23% in Rossmere-A, meaning it is officially valued higher than most comparable homes nearby. Citywide, it's near the median. This indicates the property is a stronger financial asset in its immediate locale than in the broader Winnipeg market.
How does the living area compare to nearby homes?
At 1,036 sqft, the living space is very close to the average for Mark Pearce Avenue (1,089 sqft) and Rossmere-A (1,116 sqft). It is smaller than the Winnipeg average (1,342 sqft), which is typical for many established neighborhood homes built in this era.
Is the lot size a significant feature?
Yes. The 6,047 sqft lot is above average for both the street and the neighborhood, and ranks in the top 30% citywide. This is a notable asset, offering more outdoor space than many comparable properties.
What is known about past sale prices?
Public data shows it sold between $300k and $350k in October 2019. Exact sale figures are available upon request via the provided email process.
How does the 1960 build year compare?
The home was built in 1960, which is typical for the street and slightly older than the neighborhood and city averages. Its ranking on the street (top 6%) suggests it is among the newer homes on Mark Pearce Avenue itself.